Real estate to ride high on retail trade reform

The recent reform initiative to allow up to 51 percent foreign equity in multi-brand retail has given a fresh impetus to the development of malls, perking up the retail landscape that had been clouded by the economic slowdown.

Mall construction was adversely impacted during the last few years following the recession since 2008. Besides the economic downturn, high real estate costs, inefficient mall management and oversupply resulted in a setback to the development of malls, with real estate developers applying the brakes on construction of new malls… Click Here for more