India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce.
Property prices in major Indian cities appear stable, with corrections unlikely. Market conditions prevent significant decreases despite high inventory and builder resistance to cuts.
Knight Frank expects the Indian property boom to persist into 2008, though the credit crunch may temper growth. Foreign investment remains strong in this promising market.