Kumar Shivam’s Post

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

Shopping malls, one stop solutions for shopping, food, movies and much more, are retail and leisure hubs that have changed urban life. These pieces of real estate have made life easy for all of us. This is the growth story of shopping malls in our very own Pune city. #realestate #realestatelife #realrichnews #investmentstrategies #investmentproperty #richlifestyle #InvestmentAdvice #RealRich #investinyourfuture #investments #Investing #realestateinvesting #realrichfunda #property #Pune #malls #shopping

𝐖𝐡𝐲 𝐀𝐫𝐞 𝐁𝐢𝐠 𝐁𝐫𝐚𝐧𝐝𝐬 𝐅𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐭𝐨 𝐁𝐢𝐠𝐠𝐞𝐫 𝐌𝐚𝐥𝐥𝐬?   Ever wondered why brands prefer big malls these days? As consumers shift to online shopping and gravitate towards larger, more diverse shopping centers, small malls across India are facing a grim reality. For example, DLF Mall of India in Noida and Phoenix Marketcity in Mumbai are setting new standards with their expansive layouts and diverse retail offerings. A recent report by Knight Frank India sheds light on this growing issue and here’s how: Shift in Store Sizes: - Small Stores (Below 2000 sq ft): Once making up 61% of mall space, now down to 52%. - Mid-Size Stores (2000-5000 sq ft): Increased from 19% to 21%. - Large Showrooms (5000-10000 sq ft): Grew from 9% to 11%. - Extra-Large Stores (10000-15000 sq ft): Expanded from 9% to 13%.   By this the opportunities for Commercial Real Estate has increased: - The growing preference for large store spaces is creating lucrative opportunities for commercial real estate developers to build more extensive and sophisticated malls. - According to a 2023-2024 report by JLL India, the average store size in Indian malls has increased by 20% over the past five years. Here is an example: International brands like H&M, Zara, and Decathlon prefer large-format stores, enhancing their presence and customer experience in premium malls. Are you ready to capitalize on the booming retail real estate market? Learn more about how Agprop can support your business at agprop.in. #india #realestate #investment

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

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

#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.

The retail space is receiving keen interest from real estate developers in India, Kailash Babar reports for The Economic Times. Nearly 88 new developments are set to take place in cities such as Mumbai, Delhi-NCR, Bengaluru, and Hyderabad, among others. This is due to increasing urbanisation, more demand from consumers, and a robust economy, the report says. Foreign institutional investors perceive retail assets as great investment and are increasingly backing greenfield and brownfield development platforms. Additionally, bigger retail developments signify changing consumer preferences for experience-led developments, the report says further. Factors such as a surge in global travel and more exposure has led to an increase in awareness among shoppers. That has led to demand for experiences which are unique and immersive, the report says. There is nine million sq ft of retail space stock currently and it is expected to reach 34 million sq ft by 2028-end, the report adds. Source: https://lnkd.in/gC3XYEX5 ✍: Divya Pathak 📷: Getty Images #RealEstate #Retail

#IRExclusive M5 Ecity Mall, a #shoppingcenter developed by Mahendra Homes has launched in #Bengaluru on 25 October. Spanning an area of 6.8 lakh sq. ft. of retail space, the mall is located at #ElectronicCity Phase II, South Bengaluru. The #mall is projected to create approximately 2,500 to 3,000 direct and indirect #jobs in the city and is expected to attract around 4 to 5 million #visitors during its inaugural year. Click on the link below to know more! https://lnkd.in/gKDRVTiu Hatim Amerliwala I Mahendra Homes Pvt.Ltd I Blackkey Inc I Sakina Mithaiwala I Aman Deep singh I Pioneer Property Zone Services (ICS Realty Group) I Prasad Rane I Anagha R Ratna #newmall #M5Ecity #shoppingmalls #retailspace #mallsinIndia #MahindraHomes #shoppingcentre #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing