Retailing is another major segment that is contributing to the real estate growth in India. The industry which is projected to grow by more than 25 per cent for the coming years is expected to create demand of whopping 220 million sq. ft. in the next 3-years.
As per the reports, only 27 million sq. ft. is available for the industry at present and another 90 million sq. ft. will be added in year 2008.
More than 50 shopping malls with an average area of one-million sq. ft. are coming up at National Capital Region (NCR), Mumbai, Bangalore, Chennai, Chandigarh, Ludhiana and Ahmedabad. The figures simply indicate towards the room available for growth for the real estate developers in India.
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1 comments:
The IT sector is growing so as the real estate sector in Bangalore IT sector is growing at a high scale
Raheja
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