Mumbai: The slump in the Indian real estate market is becoming simply too apparent. Retail landlords who are infamous for being extremely tightfisted have started to give in to the pressure.Lacoste India has come to experience this first hand as the French brand has been offered retail space in a mall in Jalandhar at a negotiable price than a fixed rental rate. The landlord has agreed to take a cut of the Lacoste revenue as rent, a move that will provide a concession to the tenant to make a better profit.Rajesh Jain, the CEO of Lacoste India said, “Discounts for a foreign lifestyle brand in a premium property were unheard of even a few months back, but now developers are coming to the table and are offering revenue share instead of rentals.” The landlord even offered to furnish the store in the mall.Retailers in India are gaining from this recent capitulation of retail space landlords. They are not jumping to take the chance because it points at a market down turn but also because there is expected to be a crisis in retail space supply after 2015. Retailers can now receive a discount of around 20%.President for retail, Technopak Consultants Saloni Nangia said, “The discounts won’t be higher than 20 per cent even if the economy doesn’t improve in the next two quarters because the lack of supply is going to hit market sentiment very soon.” She also said, “There are not enough new malls being built.”Landlords set up high rents and were insensitive to economical issues. But now the capitulation has been caused by a combination of factor. Besides global financial crisis there is also a lot of empty space and the foreign retailers promised by the government have failed to materialize. Thus premium locations and even high street locations are now coming at a much discounted price for retailers.With the rupee at an all time low and the GDP growth running below 5% retail space rentals are not expected to be picking up the pace anytime soon. займ на карту без отказов круглосуточновзять кредит онлайн