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16 April 2007

Luxury Retail Malls to Debut in India

This year will see international luxury brands like Gucci, Armani, Versace, Dolce & Gabbana etc. set shop in India, inside malls that will be exclusively catering to upscale, premium lifestyle brands. With 4-5 luxury malls coming up in India, a deluge of international lifestyle brands is set to descend upon the country this year. According to a recent survey, high net worth individual households in India stand at 1.6 million, growing at around 14-15% annually. And with the luxury market pegged at Rs. 64,000 crores, the going is only getting better. There are at least 5-7 urban micro markets in India for luxury retail, namely, South Mumbai, North Mumbai, South Delhi, Central/South Western Delhi, Chennai and Bangalore, and possibly one in Punjab (Ludhiana or Chandigarh). Cities like Mumbai and Delhi can absorb multiple centers for luxury retail, in order for the brands to be conveniently accessible to the large expanse of the populace. In another 4-6 years, Bangalore and Chennai are expected to follow the trend.
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Comments

# Disha said:

**  GROUP HOUSING ** & ** REAL ESTATE INVESTMENT **

Dear All,

Following housing societies for defence & Govt officers are open for registration. 20% vacancies for civilians on first come first serve basis.

1.   Dehradoon – Plots – 6 Lakhs.

2.   Ranikhet – Bungalows – 17 Lakhs.

3.   Gurgaon – Flats – 23.5 Lakhs – Gurgaon-Manesar axis – Opposite Haldiram.

4.   Nainitaal – Plots – 6 Lakhs - Exact location Kasia Lake – about 45 km from Nainitaal.

5.   Zirakpur – Near Chandigarh – Flats - 24.5 Lakhs.

6.   Manali – Flats – scheme closing – Very limited availability. Possession starting in end 2007. Price depending on floor & size of flat.

7.   Rishikesh – Legalities are being sorted out with the District Administration. Hence delay in starting the Project.

Please contact for details on a specific project giving your mobile number and postal address and we will email / courier to you. Registration amount is 15%. We do not apply for land from the Govt. but contact the builders / land owners directly for our requirements. We form housing societies for administrative convenience and remaining in a group. In a group, we get max security, best options, best bargaining power, max legal cover and best property management. Therefore we are always aiming to expand our groups.

Please pass this email to your friends & groups.

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Thanks & Regards

Mrs Manjusha Mittal

09818683982

C/o Cdr K Mittal

9-Princess Park

Near Baroda House

India Gate Circle

New Delhi  - 110 001

manjushamittal Angel  rediffmail.com

dishamittal [ a ]  rediffmail.com

21 October 07 at 8:16 PM
# Nikhil said:

Hey with so many international brands coming in india, the market will get flooded in the luxury retail brand segment.With the coming up of these many brands the realty prices will surely shoot up.These brands have deep pockets for paying rentals, and just because of the Indian real estate market being unorganized what will be its future?Can anyone predict that?

18 December 07 at 3:40 PM
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