Malls object to retail stores promoting their online business

India’s biggest malls are pressing brands such as Uniqlo for minimum guaranteed payments rather than pure revenue-sharing deals for retail space, people aware of the matter said. That’s a change from a year ago when the malls were going all out to woo Zara and H&M, two of the hottest brands, with the lowest possible revenue-share pacts and throwing in free fitouts and other largesse, they said. The latest … Continue reading Malls object to retail stores promoting their online business

PMO asks all govt depts to spot unused lands for Housing for All

After reaching the half-way mark of its term, Narendra Modi government is trying to give fillip to BJP’s poll promise of Housing for All. The Prime Minister’s Office has asked all government departments to identify unutilised land, especially in already developed government colonies, to plan affordable housing projects. The government wants to build a land bank to give a push to the a land bank … Continue reading PMO asks all govt depts to spot unused lands for Housing for All

Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10

Half of India’s 10 most expensive retail micro-markets are in the Delhi-National Capital Region, with Khan Market remaining the costliest location to rent a shop, a Cushman & Wakefield report said. In the global ranking, however, Khan Market slipped two spots to 28. New York’s Upper 5th Avenue continues to remain the world’s most expensive retail location, followed by Causeway Bay in Hong Kong and … Continue reading Khan Market most expensive retail spot in India, 4 others from Delhi-NCR in top 10