Anuj Puri’s Post

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

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

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

🔷 Delhi NCR Retail Market Insights (Q3 2023 - Q2 2024) 🔷 The retail landscape in Delhi NCR saw a dynamic year marked by fluctuating leasing activities, stable vacancy rates, and significant growth in key sectors. Here are the highlights: 📈 Leasing Activity: Q2 2024 hit the highest leasing volume (0.51 msf), driven by Fashion (38%) and F&B (29%). Main streets in Gurgaon and Noida outperformed malls in Q2 2024. 🏢 Vacancy & Supply: Vacancy rates stayed stable at 15.6%, with 1.0 msf of new mall supply expected by Q4 2024. 💼 Sector Trends: Fashion consistently led, contributing 41% of mall leasing in Q1 2024. F&B rebounded in Q2 2024 after a decline, contributing 29% to mall leasing. 🏙️ Rental Trends: Strong rental growth in prime main street locations like South Extension (+14%) and Galleria Market, Gurgaon (+13%). With GDP growth projected at 7.3% and inflation easing, the outlook for Delhi NCR's retail market remains positive for both retailers and investors. JLL CBRE Cushman & Wakefield Colliers Savills myHQ by ANAROCK

#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

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

The number of underperforming malls in India, also known as “ghost malls”, has increased significantly, Raghavendra Kamath reports for Financial Express, citing a Knight Frank study. It has led to a revenue loss of ₹6,700 crore for developers in 2023. Delhi-NCR, followed by Mumbai and Bengaluru, saw the most number of ghost malls, the report says. In fact, several of these ghost malls are being shut down as developers are opting for residential or commercial properties. Inorbit Mall, Bengaluru, Moments Mall in Delhi, and K Mall in Mumbai are some of the underperforming malls that have been shut, the report says further. Shishir Baijal, Chairman and Managing Director of Knight Frank India, says that as shoppers value a premium retail experience, Grade A malls have succeeded in maintaining footfall, occupancy, and conversion rates. On the contrary, ghost malls fail to provide such value to shoppers, he adds. The Knight Frank study considered 340 shopping centres and 58 high streets across 29 Indian cities, the report adds. Source: https://lnkd.in/g_xVTRdJ ✍: Divya Pathak 📷: Getty Images #GhostMalls #ShoppingCentres

8Mn SqFt Of New Retail Mall Supply Expected In India In 2024 Cushman & Wakefield report forecasts a significant addition of retail space in 2024, with nearly 8 MSF (million square foot) of mall supply expected to commence operations across the country. #RetailSpaceForecast #MallSupply2024 #MainStreetLeasing #RetailTrends #CitywiseRetail #CommercialRealEstate #RetailLeasing #MarketInsights #UrbanRetail #RetailGrowth2024

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