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Physical retail surging: 41 million sq ft new development expected by 2028

India s physical retail market is set to see a robust supply of nearly 41 million sq ft of retail developments between 2024 and 2028 across the top 7 cities. Delhi-NCR will have the majority share, followed by Chennai, Bengaluru, and Hyderabad. Large foreign institutional investors hold around 24% of the new supply. The operational retail developments currently stand at 91 million sq ft and are expected to increase by 45% to reach 132 million sq ft by 2028. Mall developers are focusing on building larger-sized malls to offer a better shopping experience.

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Shopping Mall Retail Sales To Grow 29 Annually To Reach 39 Billion By FY28 Report

Shopping Mall Retail Sales To Grow 29 Annually To Reach 39 Billion By FY28 Report
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Life back to normal? Covid s decline in India sparks a shopping spree

For the home to the world’s second-largest Covid-19 outbreak, life in India is almost back to normal. Shopping mall parking lots are full again. Stores are buzzing, and there are long lines for hair salons and restaurants. “We just got fed up sitting at home, for how long can you do that?” said Kaniz Zehra, a 32-year-old stay-at-home parent to a toddler and a 5-year-old. In recent months, she’s flown for two domestic holidays; last month, she braved the crowds at the DLF Mall of India, one of the country’s largest, outside of New Delhi. “Initially there was a fear of getting the infection,” she said. “But now it appears it hasn’t affected Indians as badly as it hit people in other countries.”

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