As per a study, DLF, Parsvnath and other property firms have lagged behind by 54 per cent in their target to open retail space even as retailers’ vacancy climbed to 16 per cent in 2008. Fund-starved realtors failed to deliver 11 million sq ft of retail space in 2008, according to a study released by Cushman & Wakefield. Out of the proposed 74 malls in key eight cities at the beginning of 2008, only 34 were delivered through the year, the study revealed. Developers in the National Capital Region lagged the most with a supply of 4.7 million sq ft compared with the earlier target of 7.1 million sq ft. The study also revealed that developers may continue to restrict their supply, or go slow on retail space by a similar amount in 2009 across key major cities.

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