/24-7PressRelease/ - June 27, 2007 - Growing by leaps and bounds, Indian retail sector has become an apple of eye of global retail players. Pushed by the factors like improving incomes, changing lifestyles, and constructive demographic patterns, the retail market India is likely to witness the growth by 25% annually.
With a buoyant economy, there is a cut throat competition in the market. Retailing in India has emerged as one of the fast flourishing industries with a 5% compounded annual growth rate. The market is expected to generate revenue of US$ 320 billion in 2007.
Modern retail in India is being looked upon to possess enough potential to cross the mark of US $21.5 billion from the present size of US $7.5 billion. Real estate agents in Asia are the most active in broadening their business horizons thereby paving way for investments in real estate sector. Establishing outlets in different cities is one of their preferred means of expansion. Indian middle class is largely driving nominal retail sales and will continue to do so through 2010 by 10% per annum.
Contemporary retail sector can easily be seen prevailing in sparkling shopping malls, multiplexes malls and huge complexes catering to both shopping and entertainment requirements under one roof. Increasing transparency and transformations in India retail sector are attracting large scale investments from global players who are fast surrendering to potential of the market.
Overall, shopping in India is becoming an excellent experience in the wake of these exclusive shopping malls and quality customer services. All such factors pushing growth in retail industry has made India a promising destination for retail investors and continues to drive investments in India property market.
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