Mall developers have been waiting for the government to open up the retail sector to more foreign direct investment. They say this will help them get a better mix on brands to attract foot-falls. CNBC-TV18's Nikita Rana reports that this will not mean an increase in rentals.
Bullish on growth in the retail sector, K Raheja company Inorbit Malls plans to invest around Rs 1,000 crore over the next three years for setting up new centres in the west and south India, a senior company official said.