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Sonia · 25-10-06

NCR lead retail real estate development

The National Capital Region (NCR) is all set to lead the retail real estate development in India, with approximately 78 new shopping malls spreading over 25 million sq ft expected to be operational in the region by 2008.

This statistics provided by global real estate consultant Knight Frank has however warned against the risk of supply exceeding the demand in the NCR market, comprising Delhi, Noida, Greater Noida, Gurgaon, Ghaziabad and Faridabad.

Inspite of this growing trend in NCR, favourable location, right retail mix and a well thought out operational and marketing strategy would determine the success of future malls.

25-10-06	#1
Sonia New Member Join Date: Oct 2006 Posts: 39 Thanks: 0 Thanked 0 Times in 0 Posts	NCR lead retail real estate development NCR lead retail real estate development The National Capital Region (NCR) is all set to lead the retail real estate development in India, with approximately 78 new shopping malls spreading over 25 million sq ft expected to be operational in the region by 2008. This statistics provided by global real estate consultant Knight Frank has however warned against the risk of supply exceeding the demand in the NCR market, comprising Delhi, Noida, Greater Noida, Gurgaon, Ghaziabad and Faridabad. Inspite of this growing trend in NCR, favourable location, right retail mix and a well thought out operational and marketing strategy would determine the success of future malls.