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BIGGER problem with premium retail space : Rental cost or Low Footfall

The Great India Retail saga! The current economic downturn has affected the stupendous (high double digit) growth rate Retail industry was enjoying. Retail business in India is still maintaining its growth given the prevailing unfavorable market conditions. There is a lot of investment riding on retail industry and to develop newer facilities for retail business. The options are aplenty these days, range catering to various (specific) retail needs.
Challenges posed to the realty developers are paramount. Developers like DLF, Unitech, Ansal etc. are facing multi-dimensional problems; grave pressure to meet the timelines on their new projects, threatened by international giants (walmart, carrefour) entering the retails space, while simultaneously stressed to ensure footfalls at their Malls and Mega shopping facilities that are already open.

Mall rental vs Low footfall Retail spaces are expensive because there are definite costs involved to maintain and upkeep such fabulous, worldclass fac…

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