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Wednesday, April 23, 2014

Delhi ranked 21st in shopping centre development

Delhi-NCR ranks 21st in the global list of cities with the maximum shopping centre space under construction in 2014, according to property consultant CBRE.
India continues to see a wave of new shopping mall development despite some developers pushing back completion dates due to financing issues, CBRE said in a statement.
"New Delhi is ranked 21, Hyderabad 23, and Bangalore 31, among global cities with the maximum shopping centre space under construction in 2014," the consultant said quoting from CBRE Research's latest report 'Global Viewpoint'.
It said 39 million sq m etre of shopping space is under construction across world's major cities and out of that India accounts for nearly 1.5 million sq metre.
Around 5,00,000 sq metre of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India at Noida (204,385 sq metre) and Logix City Centre Mall (1,11,483 sq metre) are both located in Noida.

with thanks : financialexpress : LINK : for detailed news.

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