Showing 1 - 15 Articles out of 17
Current mall inventory across 8 cities is 232 malls, spread across 81.26 msf. There is a 16% increase compared to last 3 years.
Strong Demand in areas in Delhi such as Connaught Place Khan Market and Galleria (Gurgaon) are expected to see rental uplifts over the year due to limited quality space against rising demand from cinemas F&B operators and fashion retailers.
The trend of online retailers opening offline stores in malls and main streets continued as they aim to widen their customer bases.
The Eastern region of India appears a fertile land for swanky global brands of the world, yet the home-grown brands have their share of growth opportunity in the region too.
Ambadi Road, located in Western suburbs of Mumbai, is rapidly positioning itself as a major emerging main street.
In Kolkata, Diamond Harbour Road and NSC Bose Road have emerged as most promising retail destinations, according to the study, according to Cushman and Wakefield study.
In Hyderabad, Chanda Nagar and Kothapet emerged as the most promising retail destinations, according to the Cushman and Wakefield study.
In Delhi/NCR region, Ashirwad Chowk and Sohna Road emerged as most promising retail destinations as they hold huge potential due to their strategic location and demographic profile.
Emerging destinations usually witness unique synthesis of growth factors and limitations. Cushman and Wakefield in its study attempted to identify most promising retail centres in seven cities.
A recent study attempted to outline various market forces, which have shaped the current retail landscape of HSR Layout and Sahakar Nagar.
Emerging retail locations definitely have a cost advantage. On an average, rentals are 20-30% lower in micro markets when compared to established retail locations.
Hot favourite of foreigners and upper class Delhi residents, upscale Khan Market has retained its position as the most expensive retail location in India.
Heavily laden by the infrastructure and rental cost, Indian malls are experimenting with newer ideas to draw greater footfalls in their malls, even as few developers have already shifted focus to Tier II and III cities. A closer look!