Archive for the ‘Retail Market in India’ Category

Oberoi Pips Unitech to Become India’s 2nd Most Valued Realty Firm

Mumbai-based Oberoi Realty has pipped Unitech to become the country’s second largest real estate company after DLF in terms of market capitalisation. Oberoi Realty’s market cap now stands at Rs 7,372.12 crore, higher than Unitech’s Rs 7,149.92 crore. While DLF has retained its position as the country’s most valued company with a market cap of [...]

Supply May Overpower Demand in Office Space Segment by 2015

Office space market in India’s top seven cities will see total supply of nearly 243 million sq ft by 2015 and this would be 17% higher than estimated demand, indicating a clear oversupply, Cushman & Wakefield and Global Real Estate Institute said in a report. In Mumbai, supply at 78 million sq ft is expected [...]

Real Estate FDI Worries may continue this Year

The level of foreign direct investment (FDI) in the real estate sector, which was at a low in 2010-11, is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage, economic crisis in the US and Europe — according to experts. [...]

Shares of Real Estate Companies Slip by 4%: All Major developers Affected

Shares of real estate companies are witnessing some intense selling pressure at the bourses with the BSE Realty index slipping almost 4% compared to 2% fall in the benchmark index Sensex on concerns of weak earnings growth during the recently-concluded quarter and liquidity concerns. At 01:50 p.m., shares of Sobha Developers Ltd, DLF Ltd and [...]

Govt Provides Extra Time to 37 SEZ Developers

The government has given more time to as many as 37 special economic zone developers, including Navi Mumbai SEZ, DLF Commercial Developers and Tata Consultancy Services, to execute their projects.
At a meeting on September 19, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed five SEZ developers to surrender their projects. [...]

Retail Chains Looking for Space Across the Country

Non-metros set to witness much of the action, too, while metro lease rentals begin a canter. Retail chains across the country are signing up for space in a big way, after a long pause that had followed the economic downturn. For instance, the Future Group, Shoppers Stop and Reliance Retail together picked up more than [...]

FDI in Multi Brand Retail will Increase Investment Opportunities in Organised Retail Sector

The introduction of FDI in multi-brand retail will lead to increased demand, which in turn will catalyse more investment opportunities in organised retail. A key differentiator of the retail sector is that it penetrates beyond the top seven cities, into areas where there is a significant shortage of well-planned, well-developed and professionally managed shopping centres. [...]

Developers Excited as Retail Giants Plan Country Wide Expansion

India’s biggest retail players are on the hunt for space again, after a hiatus of two years, breathing life into the real estate sector, which is reeling under the impact of falling home sales. Encouraged by an upswing in demand, builders have launched over 6 million sq ft of retail space in the first six [...]

DLF in Discussion with IDFC to Sell Entire 70 Per Cent Stake in Noida IT Park

DLF, India’s largest real estate company, is in talks with IDFC to sell the entire 70 per cent stake it holds in DLF IT Park, Noida. The move is part of the company’s strategy to exit non-core areas and reduce debt. Though the exact valuation of the venture could not be ascertained, industry sources said [...]

Slowdown Affects Commercial Real Estate Sector

The commercial office space business, which has been the only bright spot in a grim real estate market, has also hit turbulence, with the economic crisis in the West forcing companies to rethink on their expansion plans. Real estate consultancy Jones Lang LaSalle has revised its total leasing estimates for the year from about 38 [...]