According to a
report by global property consultant Jones Lang LaSalle (JLL), Our country
India ranks second among top 20 countries with the strongest momentum in retail
real estate index & it lags behind China due to weaker investment prospects
and a smaller presence of global retailer.
Retail Real
Estate Momentum Index..!
JLL said in its
report released recently "Our Retail Real Estate Momentum Index identifies
20 markets with the strongest retail real estate momentum. In top positions are
China, India, Indonesia, Turkey, Brazil & Vietnam,"
The index aims to identify those countries with the strongest momentum in terms of consumer, retailer, developer and investor activity.
The index aims to identify those countries with the strongest momentum in terms of consumer, retailer, developer and investor activity.
Mr. Anuj Puri, Chairman, JLL India said:
"The Indian retail sector is in a dynamic state of re-invention, with the
initial hit-and miss approach based on perceived absolutes rapidly giving way
to superior malls, more business-conducive locations and better business
models.. "We are able to track these positive market modifications by the
way in which demand for retail real estate is changing in India. There is a
clear thrust towards international benchmarks, with growing market knowledge
and ever-increasing aspirations driving current & future growth.
 |
| Anuj Puri, Chairman, JLL India |
Highlights of
Index..!
** China & India, unsurprisingly, top the Index, due to their favourable
demographics, rapid urbanisation, strong consumption growth and significant
expansion of modern retail infrastructures.
** India falls
short of China due to weaker real estate investment momentum and a smaller
international retailer presence.
** India will remain a two paced market. From a retailer perspective, the country is clearly a key destination and although the retail market is yet to open fully to international retailers, when it does, major international retail groups will expand rapidly across India.
** Although, India has permitted 100% FDI in single brand, it is yet to allow FDI in multi-brand retail.
** India will remain a two paced market. From a retailer perspective, the country is clearly a key destination and although the retail market is yet to open fully to international retailers, when it does, major international retail groups will expand rapidly across India.
** Although, India has permitted 100% FDI in single brand, it is yet to allow FDI in multi-brand retail.
**
From a retail investment point of view, it is still unlikely that India will
see a boom in foreign investment in the short to medium term.
** Annual investment volumes in retail real estate could hit USD 18,000 Crore globally by 2020 due to increasing cross-border activity, showing growth of about 50% on the projected volumes for 2012 (USD 11,000 to12,500 crore)".
** In the last decade, more than USD one trillion of retail real estate has been traded around the world. Global direct investment has averaged more than USD 10,000 crore per year since 2004 and in 2011 annual volumes hit USD 12,250 crore
** Annual investment volumes in retail real estate could hit USD 18,000 Crore globally by 2020 due to increasing cross-border activity, showing growth of about 50% on the projected volumes for 2012 (USD 11,000 to12,500 crore)".
** In the last decade, more than USD one trillion of retail real estate has been traded around the world. Global direct investment has averaged more than USD 10,000 crore per year since 2004 and in 2011 annual volumes hit USD 12,250 crore
Contact:
Mr. Anuj Puri , JLL India, Chairman and Country Head, India
+ 91 22 2482 8410
anuj.puri@ap.jll.com
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