During 2010-12, 55 mn.sq.ft. of retail space will be ready in 7 major citiesBetween 2010 and 2012, the organised retail real estate stock will more thandouble from the existing 41 mn.sq.ft. to 95 mn.sq.ft.About 20% or 8 mn.sq.ft. of mall space is vacant
During 2009-12, the Organised Retail Market will grow at a rate of 31% p.a.
Between 2010-12, a higher pace of real estate development in comparison to thepace of organised retail market growth, will create an oversupply situation to themagnitude of 21 mn.sq.ft. in 2012
Diagnosis & Outlook