Private equity investments made in retail assets in the first half of 2016 has risen to Rs.3,350 crore in the first half 2016 against Rs.250 crore a year ago, following an enabling environment and an improved economic outlook, according to global real estate consultancy Cushman & Wakefield. E-commerce outfits are also expected to take space in malls to reach out to wider Indian audience
“The Indian retail market appears to have bottomed-out from its slack and is expected to grow in the coming years,”said Anshul Jain, managing director C&W.
“Factors such as positive economic outlook and large market potential continue to attract retailers to India. In addition to consumer spend, which increased by 10 per cent during last 12 months, e-commerce is contributing majorly to the increased retail spending by Indian consumers,” he said.
