Global retail firms will account for 40% of retail investments
The Economic Times writes about the latest ICICI Property Services-Technopak Advisors white paper that has lots of interesting figures for the country's retail industry. According to the report, international retailers like Wal-Mart, Tesco, Metro and Carrefour will account for 40% of the estimated $30 billion investment over the next 4-5 years in. The remaining investment will be shared by leading Indian retailers such as Future Group, Reliance, K Raheja Group and upcoming retail companies such as AVB Group. It has been estimated that 94% of this $30 billion investment will be taking place in urban markets, of which over 60% will be in the top 25 cities.
Food and grocery will of course get the maximum investments in the hypermarket, cash-and-carry and supermarket formats. While malls will also receive investment, it will be the high street locations that will play a major role in the apparel and clothing sectors. Being sporadic purchases, furniture and consumer durable categories are likely to lead to specific real estate developments such as specialty stores.
Food and grocery will of course get the maximum investments in the hypermarket, cash-and-carry and supermarket formats. While malls will also receive investment, it will be the high street locations that will play a major role in the apparel and clothing sectors. Being sporadic purchases, furniture and consumer durable categories are likely to lead to specific real estate developments such as specialty stores.
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