Retail leasing demand in India's top cities significantly exceeds new Grade A mall supply. This persistent imbalance has driven vacancy rates to their lowest levels since 2010. New mall completions have sharply declined, further widening the demand-supply gap. Retailers are now competing intensely for high-quality, well-located retail spaces. Future retail growth will focus on institutional developments and experience-led formats.

Retail leasing in Delhi-NCR surged seventy-eight percent to 1.3 million sq ft. Fashion retailers led this expansion, followed by food and beverage firms. Departmental stores also…

Retail leasing demand in India's top cities significantly exceeds new Grade A mall supply. This persistent imbalance has driven vacancy rates to their lowest levels since 2010. …

Retail space supply in malls fell 57% in early 2024, highlighting a persistent mismatch between demand and new completions.