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With decks cleared for multi-brand retail giants to enter India, the country’s real estate developers are busy drawing up plans to tap the fresh demand the development will generate in the commercial realty sector.
“International retail chains like Walmart, Carrefour, Metro, Spar and a few others are in touch with us for a tie-up and taking up space in our mixed use projects and the mall e-square,” said R K Arora, chairman and managing director (CMD), Supertech, a national capital region (NCR)-based real estate developer.
As the demand is likely to pick up now, “we plan to go for more of retail space in terms of malls in the near future,” said Arora.