12/23/2008

Landmark, Essar Retail, Future Group and other large-ticket retailers in India are speeding up their expansion plans and taking advantage of a significant drop in real estate rentals. "True retail spending has slowed down in India, but still it is not so much affected as in the West, considering the fact that India's growth story is largely intact," said Arvind Singhal, chairman of retail consultancy Technopak Advisors. "The current rental correction provides the best opportunity for retailers to keep their operating costs under tight control."

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