Retail segment of real estate sees momentum: Report

The momentum from the end of 2009 continues in 2010 with high streets leading the way for retailer’s expansion. Main markets like Indiranagar 100 Feet Road, Jayanagar 11th Main, Jayanagar 9th Block and BEL Road apart from the CBD locations like Commercial Street, Brigade Road, Lavelle Road, Vittal Mallya Road and MG Road have continued to be on the main target list of retailers expanding as well as new entrants into the market, with Harley Davidson on Lavelle Road being the most noteworthy mention.

According to CB Richard Ellis’ The India Retail Market View – 1H, 2010, F&B players continue to be the premier among the retail formats.

Another major retail development on the same road by a prominent developer will be open by the third quarter next year and already has major players on board, thereby converting this micro market into a future retail destination.

Further, the report explains that there is a perceptible increase in enquiries from retailers which should continue for the next 12 months and the clear focus would be on Grade A developments and prime high street locations.