A leading hypermarket retail chain, Dmart has acquired the project's lower ground and first floors to set up a hypermarket store.
Further, as per the document, Dior has taken on lease 3,317 sq. ft. (total chargeable area). It was registered on April 17, 2023.
The mall penetration has been rapidly increasing for the tier II and tier III cities.
According to a report by property consultant Cushman & Wakefield, in 2016, the supply of retail space touched a five-year high to 5.3 million sq ft across eight cities. “Retail mall spaces have seen R
Global private equity firm Brookfield Asset Management, has signed an agreement with the Hiranandani Group to acquire its offices and retail space in Powai in Mumbai, for a whopping Rs 6,700 crores. Confirming the R
Sectorally, IT and pharma would continue performing well because its valuations are still reasonable compared to FMCG, Rashesh Shah, Chairman & CEO, Edelweiss Fin Services said.
In an interview to CNBC-TV18, Sanjay Singh of Standard Chartered gives his best strategy to trade in retail space. His top picks are HUL and Britannia. Singh explains that HUL has been able to handle raw material pressures well; however, rupee depreciation is likely a concern for the near-term.
Leading retailer Pantaloon Retail India (PRIL) has earmarked a Rs 900 crore expenditure over the next three years on nine million square feet of retail space, which it has already booked across India for expansion.