Main
JLL Releases New Report at CII India Retail Conclave 2017


International property consultancy JLL India released its latest research report on the Indian retail real estate landscape at the CII India Retail Conclave 2017 in Delhi today. JLL India was the official Knowledge Partner for this event – which was, as always, attended by the Who’s Who of the Indian retail industry.
Entitled ‘India Retail: Change is the New Constant’ the report studies the latest trends and approaches driving this sector in India and globally. It also examines the new regulations and policies which are reshaping the way retail business is done in the country, the rapid-fire impact of technological innovations and the brands which have adopted technology to best advantage.
Pankaj Renjhen, Managing Director – Retail Services, JLL India said, “We are seeing an unprecedented pace of evolution in Indian retail, with proactive government policies improving the ease of doing business here and thereby attracting more Foreign Direct Investments as well as international brands into the country. This report encapsulates the latest trends and takes a close look at what the future holds for Indian retail, especially in the light of the rapid innovations in technologies which are bringing retailers closer to their customers than ever before.”
Report Snapshots:
- Completions and mall withdrawals recorded across the country in 1Q17, and impact on total retail stock
- Primary factors resulting in mall failures
- Mall vacancy rates and rental value appreciation in cities like NCR Delhi, Mumbai and Pune
- Impact of increased Private Equity interest on the back of eased FDI norms for single-brand retailers and an updated framework for REITs
- How retail spaces are adapting to an increasingly virtual world
- E-commerce impact on physical store space demand
- International retailer expansion
Impact of:
- Urbanization & population growth
- Information explosion
- Responsible retailing
- Multi-speed economic growth
- ‘Big data’
The report comes to several key conclusions. Among these is the fact that with the need to merge online experiences with offline ones, the future of Indian retail will depend on how consumers evolve and retailers adapt. It also observes that the redefinition and reinvention of retail spaces in India to suit the needs of the younger generation is a phenomenon being witnessed in major retail markets across the globe.
-
News5 days ago
Prateek Group Demands High-Level Inquiry Against Another Developer for Illegal Diversion, Blockage of Drainage Path
-
Guest Column5 days ago
War’s Effects on Indian Real Estate When Conflict Meets Concrete
-
News4 weeks ago
Gaur City Mall Buzzes as Superstar Sunny Deol Promotes Latest Film ‘Jaat’
-
News2 weeks ago
DLF’s 116-Acre Integrated Township Takes Shape in Gurugram
-
News4 weeks ago
Superstar Sunny Deol Visits VVIP Style Mall, Ghaziabad
-
News3 weeks ago
Exploring the Surge in Luxury Residential Demand Along Dwarka Expressway
-
News3 weeks ago
Spectrum@Metro Mall Conducts Mock Drill as Part of Emergency Response Readiness
-
News1 week ago
Rishab Rikhiram Sharma’s Sitar at Omaxe New Chandigarh, Downtown, Moves Audience