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Retailers chase big land deals

Non-metros set to witness much of the action, too, while metro lease rentals begin a canter. Retail chains across the country are signing up for space in a big way, after a long pause that had followed the economic downturn. For instance, the Future Group, Shoppers Stop and Reliance Retail together picked up more than 10 million sq ft of retail space recently, according to Rituraj Verma, national director, retail agency, Knight Frank India. These were all long-term lease deals. Another real estate advisor, DTZ, says “to grab their share of the Indian market, several retailers, both ...