4.5 mn sq ft of new retail mall supply expected to come up in 2021
Mumbai: About 4.5 million square feet of new retail mall supply is expected to come up in 2021 in various Indian cities. Of this, at least 1.22 millio...
DMart opens store at BPTP Parklands in Faridabad
New Delhi: Supermarket chain DMart has opened a store at BPTP Parklands in Faridabad. The store is built on a plot of 1.57 acres and is located in Sec...
Phoenix Mills, Canada Pension Plan Investment Board to form JV for a mall in Kolkata
New Delhi: Mumbai-based The Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) will ink a joint venture (JV) to come up with a r...
Phoenix Mills Ltd’s net profit jumps 33% to Rs 64 cr in Q4Fy21, full year net profit tanks 90%
New Delhi: Mumbai–based The Phoenix Mills Ltd’s consolidated net profit jumped about 33 percent to Rs 64 crore in the fourth quarter of the last fisca...
Pandemic 1st wave itself brings down rentals in high street retail hubs by 30%
New Delhi: The pandemic has taken a heavy toll on the property market with average rentals of high street markets or retail destinations correcting as...
The Phoenix Mill, Ambuja Neotia come together for 3 housing & retail projects
New Delhi: Mumbai based realty player The Phoenix Mill and Ambuja Neotia have come together for 3 housing and retail projects in a largish town ship i...
Post lockdown period exceptionally kind to Oberoi Mall in Mumbai
New Delhi: Post lockdown period has been exceptionally kind to Oberoi Mall, a mall in Mumbai. The retail property asset has clocked better operating r...
Phoenix Mills sees 192% jump in consumption by shoppers
New Delhi: Mumbai based realty player Phoenix Mills has seen 192 percent sequential growth in consumption by shoppers in its malls at Rs 1,370 crore i...
TDI Infratech to invest Rs 100 cr in commercial project in Mohali
New Delhi: TDI Infratech Ltd will invest Rs 100 crore in commercial project ‘Park Street’ at Sector 118 in Mohali. The project will be spread over 1.3...
Omaxe appoints Benu Sehgal as President - Retail
New Delhi: Realty player Omaxe Ltd has appointed Benu Sehgal as President - Retail. Sehgal will be responsible for retail and commercial projects of t...
The Phoenix Mills raises Rs 1,100 cr
New Delhi: Realty player The Phoenix Mills Ltd has raised Rs 1,100 crore by way of sale of shares to institutional investors, including to the Singapo...
New Normal in consumer behaviours will lead to New Retail practices: Divya-Colliers Int India
By Divya Seth Maggu, Director, Valuation Services at Colliers International India Retail in India has always been an engaging affair. A movie outing...
Revenues of residential biz of The Phoenix Mills nosedives 96% percent in Q4FY20
New Delhi: The revenue from residential business of realty firm The Phoenix Mills nosedived 96 percent while that of retail business by 7 percent in f...
DLF has appointed Prashant Gaurav Gupta as Business Head- Luxury Malls
New Delhi: Realty player DLF has appointed Prashant Gaurav Gupta as Business Head- Luxury Malls of DLF. Gupta joined the realty company in 2018 and ha...
Post Covid19, organized retail will grow as it provides hygiene and safety to visitors: Realtors
New Delhi: Speaking at a webinar 'COVID 19 -- Retail Tales', aimed to discuss the strategies to overcome the crisis which has gloomed the booming reta...
Schroder Group Entities Become Substantial Shareholders In The Phoenix Mills
New Delhi: Various entities of the Schroder Group have become substantial shareholders in Mumbai-based The Phoenix Mills (TPML) following acquisition...
Total Size Of Transit Retail Market To Grow 10 Fold By 2030:Knight Frank
New Delhi: The total size of transit retail market is expected to grow 10 fold in the next 10 years and reach USD 21.6 billion mark by 2030. The size...
PE Investment In Indian Retail Sector Touches 5-Year High In 2019 At USD 970 Million
New Delhi: The total inflow of private equity (PE) money in the Indian retail sector touched a five-year high in 2019. Te total inflow was abut USD 97...
Bhumika Grp Leases 35,000 Sq Ft To Reliance Trends, TATA’s Westside In Its Udaipur Mall
New Delhi: Udaipur-based Bhumika Group has leased 35,000 square feet to Reliance Trends and TATA’s Westside recently in its upcoming mall Urban Square...
Increasing Avenues For Retail Participation In Commercial Real Estate
Indians are known for their penchant for real estate with each individual aspiring to own one or more real estate assets in their lifetime. There are...
Despite Including Gurugram, Delhi NCR Realty Market To Get Fewer New Malls Than Mumbai By 2022
New Delhi: Mumbai will get more new malls in the next three years than Delhi NCR which has long been credited with heralding the mall culture in the c...
Rentals In Commercial Micro Markets Almost Double In 5 yrs
New Delhi: The average rentals in prime commercial location Khan market in New Delhi have climbed 86 percent between 2014 and 2019. The average rental...
Retail Leasing Activity Drops To Just 3.6 Mn Sq Ft In 2019
New Delhi: Leasing of retail spaces in the country nosedived 35 percent in 2019 as compared to the previous year due to consumers holding back their p...
Atul Ruia Steps Down As MD Of The Phoenix Mills
New Delhi: Atul Ruia, Chairman and Managing Director of The Phoenix Mills Ltd has stepped down from the office of Managing Director of the company wit...
Retail Leasing Activity Dropped By 35% This Year
India’s sluggish economy is impacting different real estate verticals, including retail leasing. ANAROCK data reveals that in the top 7 cities, retail...
Retail, Industrial & Hospitality Realty Get Almost Double PE Investment
New Delhi: Retail, industrial and hospitality segments of the Indian real estate industry have out-shown others in growth in private equity (PE) inves...
Raymond Sells 20 Acre Land To Virtuous Retail For Rs 700 Cr
New Delhi: Raymond Group company JK lnvesto Trade (India) Limited (JKIT) has sold a land parcel it owns in Thane in Maharashtra to Virtuous Retail Sou...
Successful Malls Asking Three Fold Increase In Rentals: JLL
New Delhi: Rentals for retailers in successful malls are rising very fast with some of the malls now asking three times the rent that they were asking...
Sushma Group To Invest Rs 170 Cr In Commercial Project Near Chandigarh
New Delhi: Realty player Sushma Group will invest Rs 170 crore in a commercial project ‘Sushma Capital’ in Dhakoli, Zirakpur near Chandigarh. The pro...
Bhumika Group Inks Pact With Shoppers Stop Ltd. For Udaipur Mall
New Delhi: Bhumika Group, which is developing the ‘Urban Square’ mall in Udaipur, today announced signing of an agreement with Shoppers Stop Ltd under...
Mumbai Metropolitan Region To Get 14 million sq ft of Mall Supply by 2022: ANAROCK
New Delhi: The Mumbai Metropolitan Region (MMR) will get about 13.6 million sq ft of new mall supply by 2022, according to data by ANAROCK Property co...