The Attack of Retail Malls India in your neighbourhood
Definitely most have already been smitten by the malls in your neighbourhood and its changing the way people shop. There seems to be a mall being conceived everyday and for quite sometime I've been thinking if we are going to have an overload of malls from the present state where malls are yet to be significant in size. The dilemma is only due to the speed at the transition from a totally unorganized market to a 5% organized market in a span of 15 years but spreading across all retail formats. We may not have the 5,00,000 Sq.Ft. Hypermarkets which in reality is the real size but we have our own 50,000 Sq.Ft. Hypermarkets or atleast the remodeled and adapted hypermarket suiting our country.
Not many are aware how retail shops, malls, and hypermarkets, no matter the format chosen, is changing the way people live. A true test is the European or the Amercian markets where this has evolved over a period of 5 decades. Life has changed in every town Wal-Mart or a Carrefour has step foot in. The way people live, eat, and socialized gets totally changed.
Shall continue this later in the day. Need to get back to work :(











Where can I get access to an exhaustive list of statutory compliance - licenses, registrations etc required for setting up retail outlets in India?
Thx!
Posted by: rich | Sunday, 10 September 2006 at 08:44 PM