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Retail Sales Growth: Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending.
Real estate investment trusts (Reits) are in talks with regulatory bodies - the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) - to seek changes in regulations that will allow easier access to capital. The Indian Reits Association (IRA) said it has approached the market regulator seeking to get classified as an 'equity' asset, which will open the path for their inclusion in equity indices and also make investment by mutual funds (MFs) easier. The association is also in active discussions with the RBI to allow banks to lend to a Reit.
Blackstone-backed Nexus Select Trust plans to double its assets portfolio to 20 million sq ft in 5 years. CEO Dalip Sehgal stated that the trust can borrow $1 billion or swap units for assets to fund acquisitions. The trust currently owns 17 malls across 14 cities, including Ahmedabad and Amritsar.
Blackstone-backed Nexus Select Trust plans to double its assets portfolio to 20 million sq ft in 5 years. CEO Dalip Sehgal stated that the trust can borrow $1 billion or swap units for assets to fund acquisitions. The trust currently owns 17 malls across 14 cities, including Ahmedabad and Amritsar.
Shopping Mall Business Trend Analysis: The report reveals a robust growth in food and beverage sales at 7.08 per cent on a weighted average basis, with the North region again leading at 13.09 per cent. Whereas, entertainment sales have experienced a moderate growth rate of 6.67 per cent on a weighted average basis, with the North region achieving a 9.70 per cent growth.