Retail Real Estate in India: Investment Insights and Emerging Trends
The market research for retail real estate in India has been changed so much as the industry is not just about purchase of goods, consumer are looking for complete experience with the changing consumer behavior diversifying the market and social interaction. With a population of 1.4 billion India is one of the fastest growing market of retail stores in the world, the retail industry is the major pillar of Indian economy the growth is operated by urbanization, rising income of middle class, changing preferences of consumer and developing e-commerce space. This increased financial capacity of consumer to spend more on their luxuries. • Technology Integration retailers upgrading technologies to increase customer experience and improve efficiency. A report from PwC (Price Waterhouse & Co.) disclosed that 60% of traditional retailers use technology to competing with online retailers. Online sales growing rapidly this can reshaped retail space requirements with more ...