The hot air blow of the global recession had almost shaken the whole Indian realty market for quite a long time. Finally the Indian realty market seems to take a deep sigh of relief. Recently it was announced that soon big malls will be constructed in various parts of India. Out of all the metropolitan cities, Delhi NCR is the primary location for property developers. Prior to the recession the realty companies had prepared blueprints for erecting huge malls in India but they had to stop for a while due lack of funding.

Images, retail research group in association with the Shopping Centre Association of India, Jones Lang LaSalle Meghraj and Cushman & Wakefield India has revealed through its recent report, Mall Realities India 2010 that 31, 846, 504 sq ft will be allocated for mall space across India. Out of all the zones the north zone is allocated with 14, 790, 000 sq ft. It is reported that Delhi NCR will be given 7, 645 000 sq ft for the construction of high end malls.

The group executive director of New Delhi Delhi-based real estate firm DLF, Rajeev Talwar recently told that the NCR region is a big market for realty developers as this region is packed with numerous residential areas which attractive the mall culture. As more people live in the residential areas they look out for leisure centres which cannot be other than malls. Malls give all kinds of facilities like cinema halls, restaurants, beauty parlours and other entertainment means. Hence it’s time to keep recession in the shelves and better concentrate on the new things which are on the way.

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