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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

"Vacancy in prominent malls continues to be on the decline owing to limited supply and robust leasing. Superior malls across the country are operating almost full capacity. Major national and global brands are keen to take up quality spaces in successful malls and high streets across cities,” said Anuj Kejriwal, ANAROCK Group CEO & MD of Retail, Industrial & Logistics segment. He said retailers and brands continue to prefer smaller spaces as nearly 70% of the leases were for spaces admeasuring up to 2,500 square feet. "As fresh supply gets added in the coming years, larger spaces will garner an increasing share of total leased area. The highest share of upcoming supply is planned in NCR, MMR, and Hyderabad in the next five years. Together they account for over 85 per cent of the total incoming supply,” he added. #retail #retailrealestate #shoppingmalls

Recent reports indicate a 59% increase in ‘ghost shopping centers’ across India, with a locked-up value of ₹6700 crore. This alarming rise in underutilized retail space, particularly in the NCR region, highlights a significant shift in consumer behavior and the retail market landscape. The term ‘ghost shopping centers’ refers to malls with substantial vacancy rates, leading to a loss of potential revenue and investment opportunities. Knight Frank’s ‘Think India Think Retail 2024’ report provides an in-depth analysis of this trend, covering 340 shopping centers across 29 cities. While cities like Hyderabad show a decline in such vacant spaces, others like Kolkata have seen a dramatic increase. Despite these figures, the overall vacancy rate in major Indian cities has improved, excluding ghost centers. The potential for shopping centers in India to generate substantial revenue is still strong, with projections of $14 billion by FY 2024-25. This presents a unique opportunity for land monetization, asset consolidation, and strategic investment. For those interested in exploring the dynamic real estate market of Gurugram, whether it’s for a residential dream home or a prime commercial space, Kalpvriksha Realty is your go-to partner. We offer bespoke property solutions that cater to your specific needs and aspirations. Connect with us at Kalpvriksha Realty: 📞 +91 9625123042 📧 [email protected] #RealEstate #RetailTrends #InvestmentOpportunities #GurugramRealEstate #KalpvrikshaRealty

📈 Retail Rental Insights: India’s High Street Giants According to a recent survey by Knight Frank India, Delhi's Khan Market leads the pack for retail rents in India, commanding rates between ₹1,000–1,500 per sq ft per month. Right behind is DLF Galleria, Gurgaon, with rents ranging from ₹800–1,200 per sq ft per month, securing the second spot. This data highlights the growing demand for prime retail spaces in iconic locations, as rising rents in these high-street markets reflect their status and economic potential. The success of places like Galleria showcases how premium retail locations are becoming essential barometers for a city's global appeal and investor confidence. #RealEstate #RetailTrends #HighStreetRetail #KnightFrank #Gurgaon #DLFGalleria #KhanMarket

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

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.

Commercial Real Estate Boom Over? Why Are Indians Not Investing In Shops In Malls India’s mall vacancy levels dropped to 8.3% in H1 2024, the lowest in six years, according to the ANAROCK Retail RELEAP report. This marks a significant decline from the peak of 15.5% in 2021, driven by robust leasing demand and limited supply. Superior malls across major cities are now operating at almost full capacity. Anuj Kejriwal, CEO & MD – Retail, Industrial & Logistics – ANAROCK Group, noted, “Vacancy in prominent malls continues to be on the decline owing to limited supply and robust leasing. Superior malls across the country are operating at almost full capacity. Major national and global brands are keen to take up quality spaces in successful malls and high streets across cities.” ✅ 3.1 Million Sq. Ft. Leased in H1 2024 The first half of 2024 saw over 3.1 million sq. ft. of retail space leased across major cities, continuing the leasing momentum from the past two years. Demand has now outpaced supply for the third consecutive year, with retailers and brands opting for smaller spaces. Nearly 70% of leases were for spaces measuring up to 2,500 sq. ft. Segments like Apparel & Accessories and Food & Beverages dominated the leasing activity, while the watches and jewellery category grew significantly, accounting for 6% of the overall leased space. ✅ Upcoming Supply Concentrated in Key Cities The next four to five years will witness significant retail supply additions, with the NCR, MMR (Mumbai Metropolitan Region), and Hyderabad collectively accounting for over 85% of the planned supply. These regions are set to drive the sector's expansion further as demand for high-quality retail spaces remains strong. Kejriwal added, “As fresh supply gets added in the coming years, larger spaces will garner an increasing share of total leased area.” ✅ Rising Rentals on High Streets Rental values in high streets are also on the rise and are expected to continue climbing until new supply comes online. With robust demand and limited quality spaces, the retail sector’s growth trajectory appears firmly established. #IndianCommercialHub #retailsectorgrowth #RisingRentals #CommercialRealEstate #DelhiNCR #LuxuryHighStreetMarket

#Gurgaon's #Retail #Expansion: Gurgaon, a fast-growing retail hub, is set to witness significant growth in the #next #five #years. 😋 Substantial Addition: Over 4.7 million square feet of Grade A retail space will be added, with a focus on Golf Course Extension Road, SPR Road, New Gurgaon. 😋 Emerging Opportunities: New areas like the Dwarka Expressway and New Gurgaon are attracting attention from developers and investors. 😋 Mall Capital of India: With nearly 90 operational malls and 47 new malls in the last decade, Gurgaon is hailed as the "mall capital" of India. 😋 Resilient Sector: Despite challenges during the pandemic, Gurgaon's retail sector has rebounded, with footfall levels surpassing pre-pandemic levels. 😋 Innovative Adaptation: Mall operators and retailers are enhancing offerings with entertainment options, engaging experiences, and aesthetic environments. 😋 Rise of SCOs: Special Commercial Office (SCO) spaces are reshaping Gurgaon's retail landscape, with significant development underway. 😋 Emerging Corridors: New areas like Extension Roads and New Gurgaon are becoming hotspots for retail expansion, offering diverse leasing options. 😋 Rates: Leasing rates vary across regions, with Golf Course Road commanding higher rates compared to Extension Road. 😋 Transformative Growth: Gurgaon's retail sector is undergoing a transformative phase, driven by expansion, innovation, and emerging opportunities.

#Gurgaon's #Retail #Expansion: Gurgaon, a fast-growing retail hub, is set to witness significant growth in the #next #five #years. 😋 Substantial Addition: Over 4.7 million square feet of Grade A retail space will be added, with a focus on Golf Course Extension Road, SPR Road, New Gurgaon. 😋 Emerging Opportunities: New areas like the Dwarka Expressway and New Gurgaon are attracting attention from developers and investors. 😋 Mall Capital of India: With nearly 90 operational malls and 47 new malls in the last decade, Gurgaon is hailed as the "mall capital" of India. 😋 Resilient Sector: Despite challenges during the pandemic, Gurgaon's retail sector has rebounded, with footfall levels surpassing pre-pandemic levels. 😋 Innovative Adaptation: Mall operators and retailers are enhancing offerings with entertainment options, engaging experiences, and aesthetic environments. 😋 Rise of SCOs: Special Commercial Office (SCO) spaces are reshaping Gurgaon's retail landscape, with significant development underway. 😋 Emerging Corridors: New areas like Extension Roads and New Gurgaon are becoming hotspots for retail expansion, offering diverse leasing options. 😋 Rates: Leasing rates vary across regions, with Golf Course Road commanding higher rates compared to Extension Road. 😋 Transformative Growth: Gurgaon's retail sector is undergoing a transformative phase, driven by expansion, innovation, and emerging opportunities.