Retail boom entering smaller cities

MUMBAI: India has over 50 cities with a population of more than one million. A recent Jones Lang LaSalle Meghraj report classifies these 50 cities into five categories based on their potential for retail development. The five categories are as follows: maturing cities, transitional cities, highgrowth cities, emerging cities, and nascent cities. Here is a look at what these classifications connote for buyers, retailers, and mall developers.

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