Bengaluru will witness new supply of 4.97 million square feet by 2027, Chennai 6.23 million square feet, Hyderabad 5.48 million square feet, Kolkata 2.94 million square feet, Mumbai 4.5 million square feet and Pune 2.32 million square feet.
JLL India’s latest report titled ‘India Retail: Evolving To A New Dawn’, states that India continues to be a preferred market for international brands.
The listing of retail-led real estate assets through Real Estate Investment Trusts (REITs) has brought greater transparency to transaction and management structures. Developers are now recognizing the need to upgrade retail properties, focusing on factors like tenant mix and mall management to maximize asset monetization. Data from JLL India shows that over half of the retail assets in India with the potential to be listed as REITs are located in Mumbai and the NCR-Delhi region.
Ahead of Ganesh Chaturthi festivities, the Bombay High Court has dismissed the plea filed by a former Nationalist Congress Party (NCP) corporator seeking to organise Ganpati immersion in a private.