FOCUS-Slowing retail demand hits small Indian developers

Newswire

By Prashant Mehra and Jasudha Kirpalani MUMBAI, Sept 17 (Reuters) - Slowing demand from India's retailers has thrown plans of smaller developers in disarray, forcing them to look for buyers, industry officials said. Small builders had hoped to benefit from a half-decade of sharp growth in the retail sector, but dropping rentals, rising vacancies and restricted access to funds is prompting a rethink. "Many smaller developers are approaching to either sell projects or for joint ...

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