Abhishek Bhardwaj’s Post

Delhi’s most expensive retail real estate: where #HighRentals meet #HighRewards! When it comes to setting up shop in Delhi, #KhanMarket, #DLFGalleria, and #ConnaughtPlace are the crème de la crème of retail locations. These are the top 3 highest-rental markets, where brands invest big to tap into unmatched visibility and premium customer footfall. 📍 Khan Market - Known for its exclusivity, brands here enjoy footfall per brand of 10,453, attracting a niche, dedicated crowd. - With rents up to ₹1500/sq ft/month, it’s a prime spot for premium retailers seeking loyal customers.   📍 DLF Galleria - This hub boasts high footfall per sq. ft. of 1.146 and a blend of luxury and essential brands, making it one of Delhi NCR’s most valuable retail spots. - Rentals peak at ₹1200/sq ft/month, drawing brands ready to capture Gurgaon’s vibrant market. 📍 Connaught Place - With its diverse brand range, this historic location attracts shoppers from across the spectrum, proving its relevance as a retail powerhouse. - Offering competitive rents of up to ₹550/sq ft/month, it remains a coveted destination in central Delhi. For brands seeking visibility in the capital’s busiest retail hubs, connect with us to know more about revenue projections and overall site suitability for your brand in these premium and other markets. Write to us at [email protected] and get 5 free credits for your site analysis. #DelhiRetail #HighRentalMarkets #KhanMarket #DLFGalleria #ConnaughtPlace #RetailStrategy #GeoIQ #LocationIntelligence #LocationAI #LocationData #RetailInsights #HighStreets

Exciting Developments in Hyderabad's Retail Sector! 🛍️ Hyderabad has secured the third spot among top Indian cities for high street retail presence, just behind NCR and Bengaluru. This news from the 'Think India Think Retail 2024' report by Knight Frank India highlights the city's significant role in shaping the retail landscape. 📍 With prime high streets like Ameerpet, Banjara Hills, Gachibowli, Jubilee Hills, and Somajiguda, Hyderabad offers diverse and vibrant shopping experiences that cater to both residents and tourists. These areas, which contribute significantly to the city's retail market, present fantastic opportunities for businesses looking to expand or invest. 📈 Interestingly, the vacancy rates in Hyderabad's shopping centers show a positive trend. From a high of 22.2% in 2022 (excluding ghost stock), it has tightened to a more promising 6.6%, suggesting increasing demand and occupancy rates. This upward trend in retail occupancy and the dynamic high street environments make Hyderabad a key player in India's retail growth story. As professionals in real estate and business development, keeping an eye on such thriving markets can provide valuable insights and opportunities for strategic investments and initiatives. [Read more about this development on Telangana Today.](https://lnkd.in/gGBeAfJq) #iamsureshdara #hyderabadrealestate #realestategrowth #realestatenews #boominghyderabad

High street leasing dominated the Indian retail market in Q3 2024, capturing 68% of the 1.6 million square feet leased. Key cities like Hyderabad, Delhi-NCR, and Chennai drove 70% of these transactions. On the other hand, mall leasing accounted for only 32% due to a lack of new mall supply. Cities such as Mumbai, Delhi-NCR, Pune, and Bengaluru led in mall transactions accounting for ~95% share amongst top 8 cities. Notably, international brands favoured mall spaces over high streets for their store openings, indicating higher preference for quality retail environments. For deeper insights into the retail sector across the top eight cities, read our retail marketbeat reports here: https://lnkd.in/dP6XuABJ #retail #marketbeat #report #betterneversettles #cushmanandwakefield

India Needs 55 million Square Feet Grade -A Mall Space Within 2027! In recent years, India’s commercial sector has grown massively. The demand for mall space is also increasing in major cities. A recent report shows that Grade-A malls and high streets across India reached 5.53 million square feet between January 2024 and September 2024. Some major cities like Delhi, Bangalore, Kolkata, Hyderabad, Chennai, Ahmedabad, where the demand for Grade -A mall space is too high. Most people prefer retail locations because they have easy access and high visibility. Urban consumers spend a lot on retail locations. It is noticed already that India will need an extra 55 million square feet of grade-A -A malls by 2027 The reason for increasing retail space demand in India is because growing of global brands with the number of international retails entering India. The retail industry in India is undergoing a transformative phase and the demand is increasing day by day. The main reason after COVID, people also love to shop from outside rather than online. Second, developed infrastructure, luxury building designs, features, and benefits attract more customers to the retail industry. The growing connectivity and infrastructure in the retail sector, shifting consumer preferences. Currently, Delhi is the city where most developers and investors looking to capitalize on one of India’s fastest-growing urban economies. In Urban India, customers select to spend more on discretionary and experimental items, which helps to increase demand for high-end retail space. This sector is also highly optimistic and in the next 5-10 years it will be higher. So, anyone who wants to invest in commercial property or start a new business can invest in the retail sector and start in any major city. #commercialproperty #propertynews #Mallnews #indianretailmarket #RPGestate #gitinsuri

Good update from Phoenix. Consumption grew by 25% YOY driven by strong double-digit growth in their Mumbai and Lucknow malls. Additionally, the ramp-up in newly launched malls was very strong. The malls they launched in September and October of last year are now witnessing an occupancy rate of over 70%. In commercial, occupancy was also good during the quarter. In hospitality, both ARR and occupancy remained muted due to two reasons- the shifting of auspicious days from Q1 last year to Q2 this year and lower corporate travel due to elections. In the residential segment, gross sales have shown an improving trend due to faster conversions. Overall, the update is positive, and Phoenix remains an interesting player in the premiumization theme.

The average daily footfall across major shopping malls fell by up to 10 per cent sequentially during the April-June quarter. The most visited shopping mall in Mumbai, Phoenix Marketcity, located in the metropolis' eastern Kurla suburb, reported an average daily footfall of around 22,990. According to voices from the industry, Sharma said, footfall in shopping malls has "nearly doubled" since the last quarter. Bharti Realty has begun developing around 6.5 million sq ft of office space with an investment of over Rs 6,595 crore to create a global business hub. In the initial phase, Bharti Realty successfully built Worldmark 1, 2, and 3, covering about 1.5 million sq ft. After the first phase of Aerocity, this is the first time many Grade A buildings are coming up in Delhi. Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs. As per the registration document, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (~16.4 acres) of prime land in Pune’s Hinjewadi in four separate deals.

A concerning trend is emerging in India's retail sector: the rise of "ghost malls." Defined as shopping centers with vacancy rates exceeding 40%. Shifting consumer preferences, with a growing inclination towards online shopping and a desire for a more engaging experience offered by larger malls, are playing a significant role. Further exacerbating the issue is the presence of poorly planned malls with design flaws, inconvenient layouts, and a lack of anchor tenants – all of which make them unappealing to both retailers and customers. This lack of foresight in mall development has resulted in substantial financial losses, exceeding $524 million according to estimates. Cities like Delhi NCR, Pune, and Hyderabad are witnessing the most acute effects of this trend. MSME Business Forum India MyGov India #GhostMall #India #Struggles #Consumerchange #OnlineShopping #ghostMalls

🌟 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐌𝐨𝐬𝐭 𝐄𝐱𝐩𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐭𝐫𝐞𝐞𝐭𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒 🌟 The latest report by Cushman & Wakefield ranks India’s top retail streets, with Khan Market, New Delhi, leading at ₹18,910/sq.ft/yr. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 🔷 𝐆𝐚𝐥𝐥𝐞𝐫𝐢𝐚 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐆𝐮𝐫𝐠𝐚𝐨𝐧: ₹11,800/sq.ft/yr with no YOY change. 🔷 𝐌𝐮𝐦𝐛𝐚𝐢'𝐬 𝐋𝐢𝐧𝐤𝐢𝐧𝐠 𝐑𝐨𝐚𝐝: ₹10,140/sq.ft/yr with an 8% YOY rise. 🔷 𝐈𝐧𝐝𝐢𝐫𝐚𝐧𝐚𝐠𝐚𝐫, 𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮: Massive YOY growth of 32%, now at ₹3,870/sq.ft/yr. 🔷 𝐌𝐆 𝐑𝐨𝐚𝐝, 𝐏𝐮𝐧𝐞: Growth of 20%, touching ₹4,280/sq.ft/yr. 𝐘𝐎𝐘 𝐬𝐭𝐚𝐧𝐝𝐬 𝐟𝐨𝐫 𝐘𝐞𝐚𝐫-𝐎𝐯𝐞𝐫-𝐘𝐞𝐚𝐫. It refers to the percentage change in a value (such as rent) compared to the same period in the previous year. These figures reflect India’s dynamic retail ecosystem and the rising demand for prime locations. 𝐖𝐡𝐢𝐜𝐡 𝐜𝐢𝐭𝐲 𝐝𝐨 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐰𝐢𝐥𝐥 𝐠𝐫𝐨𝐰 𝐭𝐡𝐞 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐧𝐞𝐱𝐭 𝐲𝐞𝐚𝐫?    𝐒𝐡𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬! #realestate #retailtrends #india #propertymarket #marketinsights #luxuryroof

Unlocking the Potential: How Tier 2 Cities Reshape India's Retail Landscape. Read more about the rising influence of cities like Lucknow and the evolution of retail spaces in our latest blog. Click to explore the journey- https://lnkd.in/dfycT3zW #RetailRevolution #tier2cities #indianapparel #apparelandtextilenews #indiaretaill #Shoppingtrends #RetailGrowth #lucknow #kochi #shoppingexperience #brickandmortar

Hyderabad Secures Third Spot in High Street Retail Rankings Among Indian Cities 🛍️ Hyderabad shines as a top destination for high street retail! Ranking third among India's metropolitan giants, the city boasts vibrant shopping districts and dynamic market growth. Dive into the details of its retail landscape and what makes it a shopper's paradise. Read more about the bustling high streets and emerging trends in our latest article. #HyderabadRetail #ShoppingInHyderabad #RetailTrends #teekhasamachar