The unending euphoria of real estate sector in India witnessed during the last few years is finally starting showing signs of ebbing.
The diktat has worked yet again. Much after opposing entry of foreign retailers, the UP Government has now decided to shut down all organised retail outlets that operate outside malls.
Future Group is betting big on development of retail media spaces through Future Media. It has launched the first retailer-owned channel in India called Future TV currently being aired at Big Bazaar, Pantaloon, Central, Food Bazaar and Home Town stores in Mumbai, Delhi and Bangalore.
The retail boom is sparing no one and big auto companies are redefining their retailing strategies to catch the attention of customers and deal with the intense competition and slowdown in the sector.
For those of us who think that Indian organised retail trade is on a dream run, here is an eye-opener.