The tie between retailers and real estate developers

The Hindu Business Line reports that at “Estate South 2006”, a real estate seminar organized by the Confederation of Indian Industry (CII), BS Nagesh, Managing Director of Shoppers’ Stop emphasized the importance of a good connection between retailers and real estate developers for the success of the Indian retail industry. He added that, "Positioning a construction as `retail' cannot be done after the planning and design stage." Importance was placed on planning issues such as availability of tenants, car parking, common retail area and access to stocking areas.