Land Prices to Rise in 52 Cities with FDI Investments in Retail

51% Foreign Direct Investment(FDI) in Retail is a positive for the Land Owners as well as Commercial Realty & Mall developers as well. In short, it is good for the Real Estate Industry as a whole. However, Government has restricted this investment only for the Following 52 Cities. Also note that if the Government in your State is non-Congress, they may oppose the FDI move as Retailers need permission from State Governments as well. So play your cards accordingly.

Mall Development - Retail mall development in India which has been anguishing for the past three years on low demand and oversupply. Mumbai and NCR (National Capital Region) have witnessed high vacancies in the mall space. We would expect the same to move down over the next three-four years helped by further investments into the retail space through the FDI route. Mall supply in Bangalore and Chennai was limited till date but is expected to increase over the next two years.