Retail Software in India – The Absolute Need of All Retail Businesses

It is obvious to everyone that the retail industry is growing at breakneck speeds all over the world. In developing countries, the charge is being led by India, where retail stores are getting bigger and better each passing day. Retail software in India is becoming an absolute necessity to keep pace with the growing demands of the industry and to manage the rapid growth in this market effectively.
Organized retailing is becoming the need of the hour as major retail businesses are finding ways and means of coping up with the tremendous buying power of the new generation of professionals. As competition stiffens, medium and even small retailers are waking up to the fact that complacency in the matter can drown them for good. Retail software in India is becoming a priority for all retail businesses that are looking to ride on wave of this huge retail boom.
Conventional point-of sales systems have long become obsolete as they have their limitations. In fact many retailers have done away with such systems long back and are experimenting with retail solutions in India to have a better control over sales and inventory. Software solution providers are also waking up to the need of this segment to have better, user-friendly systems to help them get a grip on the situation.
Retail software in India can help retailers enjoy various benefits. One of the best advantages comes from having better inventory control. Retail ERP systems haves features that allow retailers of both medium and large sized stores to manage their inventory and customer service. The best retail software has functionality that allows retailers to keep many aspects of their retail business under control.
With the right type of software, taking decisions becomes easier especially when it comes to identifying the fast moving retail products and how much of stock should be maintained to retain good control over inventory positions. It is also crucial to deploy the right software so that retailers can improve the quality of business management and also maximize the efficiency of customer service.
One important driver of retail software in India is that every retailer, big or small wants to have information to enable him to make the decisions that help him have the right products available at the right prices and the right places. Research into various aspects of the retail industry reveals that proper adoption of the correct technology can attract new customers, enhance profitability and improve overall quality of business management.
In retail sectors where the scale of operation is high and involves multiple levels of control and sale points, automated processes can help in a major way. Not only does it eliminate the manual way of doing computing tasks completely, it also minimizes the chances of errors creeping into the records considerably. Efficiency levels increases to optimum levels as real time availability of information helps retail companies make better and informed decisions.
A major advantage is the ability of retail software to track down customer information at will. This can help retailers offer customized services to their loyal clients, the best way a retailer can acknowledge the importance of a customer.

Virtuous Retail Retail Therapy all Over India

India’s growing demographic strengths has boosted organised retail; and the industry is expanding at a rapid pace.

But the dynamics of this segment are different from that of residential properties. The success of a mall depends on factors like location, design, anchor tenants and good tenant mix. This is where Virtuous Retail stands in good stead. With specialized know-how in creating high-performance lifestyle centres, Virtuous Retail not only offers premium commercial space but complements it with intelligent tenant relationship management. It is the only institutionally owned, developer-operator of lifestyle destinations, it has a pan-India footprint.

Virtuous Retail is currently developing world-class lifestyle centres; the flagship VR Bengaluru and Arena. Virtuous Retail offers premium retail space for lease in Bengaluru, which boasts of one of India’s fastest retail growth figures. Retail therapy takes on a whole new meaning with the advent of the ritzy VR Bengaluru. This awe-inspiring structure spans 1.5 million square feet; and features over 200 luxury and super-premium retail, entertainment and F&B outlets. Located in the heart of the buzzing Whitefield, VR Bengaluru houses top-notch commercial spaces, contemporary offices and a hotel in addition to shopping. The rooftop houses a Sky Deck, a multi-activity venue that is a wellness centre by day and a leisure hub by night.

Premium retail space for rent in Mumbai is hard to come by in a city that enjoys a mature consumer market, but is bursting at the seams. The Boulevard by Virtuous Retail is located in the swanky suburb of Juhu, the only destination in an 8-kilometer radius. Boulevard offers 8, 50, 000 square feet of luxury, premium and high street shopping; with 7,00, 000 square feet for residential development. 6, 00, 000 square feet of space is earmarked to house a high-end sports club, hotel, and banquet space. These are separate blocks connected via boulevards for retail, F&B, and outdoor events.

The retail market in Kolkata is different and an interesting one. India’s third most populous city is an eclectic mix of the traditional and the modern; and is growing by leaps and bounds. In fact, the household expenditure in Kolkata was found to be INR 1,822 per person per month on average, which is much higher compared to other metros. Naturally demand for upscale retail space for rent in Kolkata is rising. Epicentre in New Town, a joint venture of Virtuous Retail, offers a whopping 2,300,000 square feet of leasable space. This ten level mixed-use lifestyle centre is set to house 7, 00,000 square feet of retail space; along with a star hotel and upmarket residences.

Like any other real estate investments, it is important that any retail real estate investment is backed by a proven track record. Virtuous Retail’s expertise includes the entire gamut of research, planning, design, development, leasing, marketing, operations, and regulatory compliance.

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