Even while office and other commercial ventures may have taken a beating, the food and beverage (F&B) segment has been driving retail demand as well as rentals in Ahmedabad, India. According to developers, while demand from other segments may have trickled down, F&B has been sustaining their business.
"It is the only segment alive and kicking. F&B has been bringing in sustainability in our sales and occupancy numbers every quarter in recent times," says Rajesh Vaswani, executive director, Venus Infrastructure & Developers Ltd.
Such has been the constant demand from F&B retailers that rentals in main streets of Ahmedabad like Satellite Road and Law Garden have witnessed a rise in rentals by 25 and 20 percent, respectively.
(Source: Business Standard)