Private equity investments in retail real estate segment have touched around Rs 5,500 crore since 2015 on increased interest for superior quality shopping malls, according to property consultant JLL India. "The Indian retail sector has attracted a cumulative of Rs 5,500 crore between 2015 and Q1 2018. Private equity investments in retail properties stood at Rs 800 crore in 2015, Rs 3,000 crore in 2016 and Rs 700 crore last calendar year, the report said. Of the expected new malls, 62 per cent will be in the category of superior malls while only 10 per cent will remain in the poor category. About 28 per cent malls in the next five years will be considered average," the report said.

Source: dna May 23, 2018 08:37 UTC