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| (Phoenix Market City - Bangalore) |
India is expecting an explosion of shopping center development in the next 2 years that could add almost 100 centers in seven major cities accounting for 37 million sqft of new retail space according to a report from Jones Lang LaSalle. I recently reported on the Phoenix Market Cities planned for 4 districts in India in a previous post that were large scale developments soon to open.
As India develops into a "second world" country, developers and retailers will be ready to provide the goods and services. Will there be a glut of retail space or a rush of new retailers looking for new shoppers? Read more from The Economic Times article:
Nearly 100 Malls to Come Up by 2012 in Seven Cities: Report
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