Fdi In Retail To Boost Commercial Real Estate Sales In Delhi Ncr
The recent decision of the UPA-2 government to allow FDI (Foreign Direct Investment)
in retail industry in India has caused a rift in the Indian market and people. People do have both Bad and Good opinion about the FDI in retail and it is not an intention of this article to justify anything but to only presenting some fact of its affects on commercial real estate market
The direct affect of FDI on commercial real estate is a very significant one. With the FDI many big international retail firms will enter the Indian market and to do their business here they will need a lot of commercial spaces to set up their retail stores. This will definitely boost the commercial real estate sales will especially in the metro cities of India and in this article we will only discuss the Delhi NCR area.
The major names in the retail market in India are Big Bazaar, Vishal Mega Mart, Easy day, reliance fresh etc but soon the big international names in retail market like Wal Mart will be venturing in India and will be opening their retail chains all across India. Also the young metropolitan generation of India is already familiar with the mall culture and also prefers to shop in retail stores in malls than the local markets.
As the trend is increasing so is the demand for places where these outlets can be opened and among all the other places in Delhi NCR Sonepat is also one such place where this organized retail trend has just started and the requirement for spaces these various big retail company outlets can be opened has increased. This will fuel the requirement for commercial real estate in the places such as malls and big markets where people go for their daily groceries.
There are many malls being constructed in Sonepat city and the Kundli area of Sonepat. After completion these malls will house one or more of these retail outlets each. This is a very good business for both the space owners and the retail companies and this provide a very good experience for the customers as these outlets are air-conditioned, clean, hygienic, good quality and comparatively lower prices.