Apparently there is update for Google store. And now it has very sleek ‘n sexy UI. I have got this update few days back in my Galaxy Nexus … but it looks like that for some odd reasons my Nexus 7 haven’t received this update till now 
!! Actually there are APKs available for download for store but I am bit of hesitant of install anything from not known resource. I guess I will wait (while someone replies to my question at XDA) and see what happens …
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Or may be I will finally decide to install Cyanogenmod on my Nexus 7 just like my Galaxy Nexus 