Introduction:
Retail industry is currently on boom without any doubt &
the experts predict the same will continue in the future as well. The basic
idea behind selecting the topic for research is to find out whether the big
retail malls lives upon the expectations of consumer or not and to analyze the
growth of retail malls in Gurgaon. The organized retail sector is expected
to grow stronger than GDP growth in the next five years driven by changing lifestyles,
strong income growth and favorable demographic patterns. With the mushrooming
of malls, multiplexes, and supermarkets consumers are treated to a completely
different shopping experience The government has resisted pressures from giants
such as Wal-Mart, Carrefour and Tesco who want majority control
in their investments. Yet, the Indian retail segment continues to make rapid
progress, courtesy Indian firms, who want to make a killing while the going
is good and the market continues to grow.
The organized retail sector is expected to grow at 6% by 2012
and touch a retail business of $ 17 billion as against its current growth level
of 4% which at present is estimated to be $ 6 billion, according to the Study
undertaken by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The Study has revealed that the retail sector will grow at GDP 7% by 2012 and
enlarge its market share to $ 280 billion from its present estimated level of
$ 200 billion. Cities and metropolitans in which retailing will show booming
prospects include Mumbai, Delhi, Chennai, Kolkata, Bangalore and Kanpur and
the popular mode adopted for building shopping malls in these cities will be
based on build, operate, lease and sell basis. This system, as per the findings
of ASSOCHAM will lead to establishments of closer linkages and relationship
between real estate developers, state governments, financial institutions and
retail industry. As per ASSOCHAM’s estimates, investment opportunities that
the retail sector will create in next 4-5 years will result into continued urbanization
and increase the per capita income of Indian populace which will finally lead
to greater consumerism. The growth of retail sector will lead to greater shift
towards service economy in which need for real estate will be paramount. Franchising
in retailing will emerge as a popular mode of retailing as their will be proliferation
of availability of brands with both foreign and Indian companies acquiring strong
brand equity for their products in near future.
The retail boom currently being witnessed in India is likely
to have a significant impact on the commercial real estate sector as the large
metropolitans will have sizable retail construction projects underway.
However, there will be few stumbling blocks that may restrict the growth
of retail sector. These include very high stamp duties on transfer
of property which vary from state to state level. A case in example is Gujarat,
Uttar Pradesh and few other states where the stamp duty is charged at 12.5%,
while there are certain states like Delhi in which the stamp duty levied is
within the range of 8%.
Urban Land Ceiling Act, Rent Control Act and Land Acquisition Act until amended
will continue to distort property markets and cities, leading to exceptionally
high property prices. Presence of strong pro-tenancy laws will also make it
difficult for retailers to grow as this problem is compounded by lack of clarity
over titles to ownership.
The government should encourage People of Indian Origin (PIO) to invest in
real estate and township building should encourage People of Indian Origin (PIO)
to invest in real estate and township building and foreign investment in real
estate business and retailing should also be opened up.
On the domestic taxation front, sales tax rates differ across the various Indian
states, making supply chain management a challenging task for organized retailers.
Inter-state sales attracts Central Sales Tax while for some categories of products,
certain states levy import duties namely entry tax on entry of goods into their
territory. Simultaneously, states levy export duties where goods are moved for
sale outside state border.
Number of Pages of Project Report: 87
Package Includes: Synopsis + Project Report
Project Format: Document (.doc)
Table of Contents of Project Report:
1. Executive Summary
2. Introduction
3. Interview
4. Retail sector in India
5. Literature Review
6. Major Formats Of Retail In India
7. The Growth Drivers
8. Evolution of organized retailing
9. Retail Model
10. Critical success factors in retailing
11. Key strategic factors in retailing
12. Retailing In India and its observation
13. Recent trends and major players
14. Different forms of Retailing in India
15. Challenges of Retailing in India
16. Barriers of Retailing in India
17. Guideline for establishing a new retail business
18. FDI in retailing
19. Rat Race ????
20. Indian consumer
21. Merchandise Management
22. Its people that matter
23. Conclusion
24. Comparative study of DLF mall Gurgaon
25. Data Analysis
26. Appendix(Questionnaire)
27. Bibliography
