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Real estate industry

Colliers International Enters Indian Retail Market with DLF Ltd.

Strategic Insights

— 1 min read

Colliers International, a global property service consultant, has been appointed by DLF Ltd., India's leading real-estate developer, to offer retail development consultancy on its flagship shopping centers, Mumbai Mall and Mall Of India. This move marks Colliers International's entry into the Indian retail real estate market, which is predicted to experience double-digit growth. The Indian retail market is expected to value US$17 billion by 2010, with over 300 shopping centers expected to come online by the same year.

Key Takeaways:

  • Colliers International has been appointed by DLF Ltd. to offer retail development consultancy on its flagship shopping centers, Mumbai Mall and Mall Of India.
  • The appointment marks Colliers International's entry into the Indian retail real estate market, which is predicted to experience double-digit growth.
  • The Indian retail market is expected to value US$17 billion by 2010, with over 300 shopping centers expected to come online by the same year.
  • DLF Ltd.'s Mall of India is touted as the largest retail complex in India and one of the biggest in the world, boasting approximately four million square feet of leaseable space.
  • Mumbai Mall is being developed on a 17-acre site in Central Mumbai and is earmarked as the next generation of shoppertainment complexes in India.
  • Colliers International has established its identity in the Middle East as a dominant independent retail consultancy company, having undertaken over 33.5 million square feet of retail consultancy in the UAE, Saudi Arabia, Kuwait, Oman, Sudan, and Iran.
  • The company is currently engaged in over 11 million square feet of retail consultancy, leasing, and management throughout the region.

Statistics:

  • Over 300 shopping centers expected to come online in India by 2010.
  • Indian retail market expected to value US$17 billion by 2010.
  • Colliers International has undertaken over 33.5 million square feet of retail consultancy in the UAE, Saudi Arabia, Kuwait, Oman, Sudan, and Iran.
  • The company is currently engaged in over 11 million square feet of retail consultancy, leasing, and management throughout the region.

Sources:

  • Asia Pulse, "Colliers International Enters Indian Retail Market" (Nov 9)
  • DLF Ltd. (no specific date mentioned)

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