As commercial real estate growth remains sober in cities across India leading to high vacancy levels in Malls, space owners these days adopt new strategy to bring tenants to cover rental revenue loss.
It's Budget yet again, and hosts of expectations and aspirations for 'relief' from the stressed real estate sector as usual. The Union Budget 2017 presented by Finance Minister, Arun Jaitely indeed has something to cheer about for the realtors but lack of futuristic approach to revive the sagging sector has disappointed many.
The recent upheaval at Chennai's famed Marina Beach and other parts of the state by agitating students, who virtually kept the state under siege with a single demand of reviving the age-old bull taming event "Jallikattu", can be viewed as a strong emergence of dominant student force in the state against such common issues.
As India is moving closer to cashless economy after the government's historic decision on November 8 to demonetise higher denomination currency, the recent announcement to exempt excise duty on Electronic Data Capture (EDC) machines, also known as Point of Sale (POS) machines, has made retailers scramble to install POS machines at their billing counters to accept plastic money.