The retail fizz
With an addition of more than 6 million square feet of organised retail mall space in the country in the outgoing year, 2012 could turn out to be a more promising year for the sector despite the downturn. However, rentals will take time to recover. The prices increased through 2011, barely keeping pace with inflation. Mall owners claim that rentals went up by 15-20% in 2011, but part of that was fizz on the FDI buzz.
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