Swedish business magnate Ingvar Kamprad had founded IKEA when he was 17 years old and at that time he would have never imagined that he will be one of the richest men in the world and IKEA will become the world’s largest furniture retailer. Serving and satisfying worldwide, IKEA is only few steps away from entering the Indian market. This signifies an extreme heating up of real estate sector (in retail) in India. Currently IKEA is awaiting a clearance from the Cabinet Committee on Economic Affairs (CCEA) for investing Rs 10,500 crore in India to open its magnificent stores. Along with that many other foreign brands are entering the country shortly which may fuel the commercial estate section.Popular chains like Starbucks, Hennes and Mauritz (H&M), Hamleys (UK-based Toy Company), Lacoste (French apparel brand) and Gron Stockholm (European Kidswear chain) are entering the Indian markets this year. Starbucks (the American coffee chain) is already serving in Mumbai and Delhi and looking for expansion while the Swedish fashion chain H&M is applying for fresh entry.But the expansion in retail sector is not limited to the foreign retailers/brands. Indian retailers such as Reliance Retail and Bharti group’s Easy Day and Bharti-Walmart are holding top positions when it comes to expansion in the country. Other groups such as Aditya Birla Group and Spencers are also eyeing for expansion this year.The government policy allowing up to 51 per cent foreign direct investment in multi brand and 100 per cent in single brand retail might flourish the Indian market with foreign chains. This might be an omen of optimism for the Indian commercial real estate market. With huge capital showered in the country, stability in the economy is expected. This will also create a demand of retail spaces which will be a factor of positivity in the realty market.займ на карту без отказов круглосуточновзять кредит онлайн