Suresh Dara’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 hello@geoiq.io and get 5 free credits for your site analysis. #DelhiRetail #HighRentalMarkets #KhanMarket #DLFGalleria #ConnaughtPlace #RetailStrategy #GeoIQ #LocationIntelligence #LocationAI #LocationData #RetailInsights #HighStreets

"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

In retail real estate, the emphasis is on creating memorable experiences, similar to the hospitality sector. The rise of Ghost Shopping Centres is concerning, not only due to tied-up value but also because repurposing these assets poses a significant challenge. However, they also present opportunities for various sectors that value tangibility and experience, or to unlock land value through redevelopment. Let's discuss further in the comments or feel free to message me directly to explore this topic together. Knight Frank India Shishir Baijal Gulam Zia Vivek Rathi Abhishek Sharma Durgesh Kapur

Knight Frank India's latest report, 'Think India Think Retail 2024', records ~13.3 mn sq ft of retail shopping centre space categorised as ‘Ghost Shopping Centre’. NCR accounted for the highest ghost stock measuring at 5.3 mn sq ft (rise of 58% YoY), followed by Mumbai with 2.1 mn sq ft (rise of 86% YoY) and Bengaluru with 2.0 mn sq ft (rise of 46% YoY). Hyderabad is the only city to record a decline in the ghost stock by 19% YoY to 0.9 mn sq ft in 2023. Read more 👉 https://lnkd.in/dS86t4Kr Download the full report here https://lnkd.in/dJ6D8zt4 #GhostMalls #ShoppingMall #IndiaRealEstate #Retail #RealEstate #KnightFrank #MarketTrends #YourPartnersInProperty Viral Desai Gulam Zia Vivek Rathi Abhishek Sharma

#India sees 230% surge in ghost #shoppingmalls India’s #smallshoppingcentres turning into ghost malls Number of ghost malls rising in India, Delhi NCR tops the list, followed by Mumbai, Bengaluru Industry analysts said this reflected weak #consumerdemand and could lead to job losses and economic dislocation, particularly for #small retailers and service providers. India is seeing a sharp #surge in #ghost shopping centres with underperforming #retailspace surging by 230% year-on-year to 13.3 million square feet in 2023, according to a report by real estate consulting firm Knight Frank. These centers, defined as those with #vacancyrates of over 40%, grew to 64 by the end of 2023, from 57 in 2022. The rise in these ghost malls —calculated basis gross leasable area (GLA)—reflects a massive ₹6,700 crore lost in potential sales in 2023, according to the 'Think India Think Retail 2024" report released Tuesday. Several #shoppingcenters are struggling as an increasing number of #consumers turn to #online shopping and are shifting to larger centers for enhanced experiences.

India's Retail Revolution: A Journey from Small Shops to Modern Retail Spaces The Indian retail landscape has undergone a dramatic transformation over the past two decades. What started with small neighborhood shops has now evolved into sprawling malls, high streets, and SCO (Shop-Cum-Office) spaces that define the urban experience. In the early 2000s, retail in India was largely fragmented, dominated by local kirana stores catering to nearby communities. However, as urbanization took hold, consumer expectations shifted toward more diverse and curated shopping experiences. The entry of organized retail players, combined with growing disposable incomes and changing lifestyles, led to the rise of modern retail formats such as malls and branded high streets. Malls emerged as lifestyle destinations, combining shopping, entertainment, and dining under one roof. They became a hub for global brands, offering consumers a wide range of products and services, previously unheard of in traditional markets. This shift also fostered a surge in employment and contributed significantly to the economic growth of tier-1 and tier-2 cities. High streets also became key players in the retail revolution, blending the charm of old shopping streets with modern retail formats. Popular areas like Khan Market in Delhi and Linking Road in Mumbai turned into thriving commercial zones, where global brands co-existed with local boutiques. SCO (Shop-Cum-Office) spaces have further pushed the boundaries of retail real estate by offering multi-use commercial setups. These innovative spaces cater to entrepreneurs and businesses looking for flexible setups to serve both retail and office functions, perfectly aligned with the entrepreneurial spirit sweeping across India. With e-commerce adding another layer of complexity to the retail mix, traditional and online formats are now blending to offer a seamless omnichannel experience for consumers. The retail real estate market has embraced this digital shift by investing in smart spaces that cater to both physical and digital consumers. The Indian retail sector has come a long way, and the next decade promises even more exciting innovations as technology, consumer behavior, and real estate continue to evolve. #RetailRevolution #IndianRetail #RealEstate #ShoppingEvolution #SCOSpaces #Urbanization #CommercialRealEstate #HighStreetRetail

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

#Business | Delhi’s Khan Market remains India’s most expensive retail high-street, 22nd globally 💸🌍 writes Ashish Mishra Find out more ⤵️ https://lnkd.in/dNUu6Djx #Delhi #KhanMarket #Retail #HighStreet

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 📧 kalpvriksharealty@gmail.com #RealEstate #RetailTrends #InvestmentOpportunities #GurugramRealEstate #KalpvrikshaRealty

INDIA RETAIL NEWS: Reflecting the dynamic evolution of India's retail sector, driven by increasing urbanization, rising consumer demand, and a robust economy, the completion of organized retail spaces is expected to surge significantly over the next 5 years. Developers increasingly prioritize larger retail centres to cater to modern shoppers seeking unique experiences. According to JLL India, the top 7 cities, Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai, will add over 45 million sq. ft of retail real estate through 88 new developments, surpassing the 38 million sq. ft supplied in the past decade (2014-2023). The current retail stock of 89 million sq. ft is projected to grow by 50% to 134 million sq. ft by the end of 2028. Retail assets remain attractive to large foreign institutional investors, with 16% or 7.2 million sq. ft of the new supply owned by institutional players, according to Head of Office Leasing Advisory and Retail Services, India, JLL, Mr. Rahul Arora. The majority (78%) of the upcoming 45 million sq. ft retail supply is lease-based, allowing developers greater control over tenant quality and property management, enabling higher rentals. Chairperson of the Shopping Centres Association of India (SCAI), Ms. Pushpa Bector, noted that developers are avoiding strata sales due to the poor performance of grade C malls, preferring to retain control and operate the malls themselves for better decision-making and performance. The average size of new retail supply, around 391,099 sq. ft over the past decade, is expected to increase by 30% to 507,341 sq. ft by 2028. Of the 88 upcoming retail developments, 12 will be large-sized, each with at least 1 million sq. ft, accounting for 37% of the total supply expected by 2028, up from the previous decade's 27%, according to Chief Economist and Head Research & REIS, India, JLL, Mr. Samantak Das. This trend towards larger, experience-led developments is driven by increasing global travel and exposure, heightening demand for unique retail experiences. Delhi NCR is expected to lead with 43% of the new supply, followed by Hyderabad with 21% and Chennai with 13%.