Firms in India invest $200 mn in retail assets

According to the India Retail MarketView Report - H1 2017, India has topped the global Retail Development Index in 2017 - overtaking China - with 70 new entries and expansions by global and domestic brands across Mumbai, Delhi NCR (National Capital Region) and Bengaluru in the first six months of the year. 

The report - launched by real estate consulting firm CBRE South Asia - said several retail developments were completed across select cities, resulting in approximately 1.5 million square feet of fresh supply entering the market. “Several hypermarkets, too, were in expansionary mode including Big Bazaar which opened new stores in Mumbai, Bengaluru and Chennai,” it said. 

“Our ranking is a demonstration of the sustained preference of international brands to set up, or expand their operations in India,” said Anshuman Magazine, Chairman, India and South East Asia, CBRE.