Commercial Real Estate: The past three years have been a rollercoaster ride for private equity (PE) investments in Indian real estate, with consistent fluctuations but a steady upward trajectory overall.
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Experts predict that an upgrade in infrastructure and an increase in leisure travel will drive growth in highway retail. Brands such as Tata Croma, Starbucks, and Uniqlo have already opened or are planning to open stores on highways. Developers are also investing in highway retail, with projects such as a 500,000 sq ft mall on the Mumbai-Nashik highway and a 1.5 million sq ft retail space on the Chandigarh highway.
According to BBMP DCF, de-concretising trees across the city is a huge task, and the Forest Department is taking up the issue with the Road Infrastructure Department yet again. A drive to deconcretise tree bases will also be launched soon.
With NHAI awarding picking up in June after a muted start to the year, Nuvama Institutional Equities prefers companies with healthy balance sheets PNC Infratech and KNR Constructions.