Delhi Retains 8th Rank At Asia Pacific’s Retail

Delhi Retains 8th Rank At Asia Pacific's RetailNineteen global retailers making their entry to the national capital’s prime shopping locations helped the city retain its 8th rank among Asia Pacific’s top retail hotspots.

According to global property consultant CBRE’s Retail Hotspots in Asia Pacific 2014, established as well as emerging retail markets in the region saw 464 new retail entrants in 2014, 23 per cent more than 2013.

The year saw Tokyo attracting the most number of new retail entrants (63), followed by Singapore (58), Taipei (49), Hong Kong (45) and Beijing (34).

“Prime shopping districts of New Delhi attracted 19 global retailers in 2014 over 16 entrants in 2013. New Delhi held on to its eighth position among the APAC region’s top target markets, along with Kuala Lumpur and Bangkok,” CBRE in the report said.

With 11 entries from global retailers, Mumbai too maintained its 14th spot in the region, along with Brisbane in Australia.

Overall, the spotlight continued to remain on emerging locations of India, China and Southeast Asia, the report said.

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