Retail space rentals in India may go up as big global players try to expand rapidly in the country in the medium to long term following the government's decision to relax FDI norms in the sector further, according to realty consultants. "A lot of international brands will look at entering India and scout for retail spaces. The vacancy level will come down for the existing supply available in the market," Cushman & Wakefield (C&W) India Director (Retail Services) Jaideep Wahi told PTI. Asked about the rentals, he said there would be an upward trend in successful shopping centres and high-street sites, but declined to give any percentage of increase. Expressing similar views, CB Richard Ellis (South Asia) Chairman and Managing Director Anshuman Magazine said: "There could be marginal increase in rentals of major high-street destinations and shopping centres as there is very limited supply there."
Source : Business Standard
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