GeoIQ, a location AI startup, has released its latest report identifying the top 25 malls in India based on footfall data for the first quarter of FY 24-25 (April, May, June 2024). The report, which utilizes aggregated and anonymized geolocation data from mobile devices, highlights the most popular shopping destinations across the country.
According to the data, the top three malls in India by average daily footfall are:
- Vegas Mall, Delhi – 26,212 visitors
- V3S East Centre Mall, Delhi – 24,282 visitors
- Phoenix Marketcity, Greater Mumbai – 23,000 visitors
The report also noted a 7% decline in average daily footfall at these top malls during April and May, likely attributed to rising temperatures.
City-Specific Highlights:
- Mumbai: The top malls include Phoenix Marketcity (3rd), R City Mall (4th), Viviana Mall (5th), Seawoods Grand Central (10th), and High Street Phoenix (12th).
- Delhi NCR: The top malls are Vegas Mall (1st), V3S East Centre Mall (2nd), Pacific Mall, Tagore Garden (8th), Select Citywalk (11th), and Gaur City Mall, Greater Noida (19th).
Malls Outside Major Metros:
- Elante Mall, Chandigarh – 6th
- Phoenix Marketcity, Pune – 7th
- Sarath City Capital Mall, Hyderabad – 9th
- Palladium, Ahmedabad – 15th
- Lulu Mall, Lucknow – 17th
Ankita Thakur, Co-Founder and Chief Data Officer of GeoIQ, emphasized the significance of their data. “Consumer data from offline spaces has been challenging to access. Our goal at GeoIQ is to transform this with location data and machine learning. This report marks the beginning of our efforts to democratize data for retail.”
Thakur also highlighted the evolving retail landscape in India. “Retail plays a crucial role in India’s growth vision. From local stores to large malls, the retail sector is rapidly expanding, projected to reach a market size of $1.8 trillion by 2030. GeoIQ is dedicated to supporting this growth with reliable data insights.”
GeoIQ’s advanced analytics and real-time data insights are transforming retail decision-making. The company has supported brands like Lenskart and The Sleep Company, and aims to expand further with an ambitious plan to quadruple its successful store openings in FY 2025.
Here is the list of the top 25 malls in India based on footfall, as reported by GeoIQ:
- Vegas Mall, Delhi – 26,212 visitors
- V3S East Centre Mall, Delhi – 24,282 visitors
- Phoenix Marketcity, Greater Mumbai – 23,000 visitors
- R City Mall, Mumbai – 20,500 visitors
- Viviana Mall, Mumbai – 19,800 visitors
- Elante Mall, Chandigarh – 18,700 visitors
- Phoenix Marketcity, Pune – 18,300 visitors
- Pacific Mall, Tagore Garden, Delhi – 17,900 visitors
- Sarath City Capital Mall, Hyderabad – 17,500 visitors
- Seawoods Grand Central, Mumbai – 17,200 visitors
- Select Citywalk, Delhi – 16,900 visitors
- High Street Phoenix, Mumbai – 16,500 visitors
- Gaur City Mall, Greater Noida, Delhi NCR – 15,800 visitors
- Inorbit Mall, Mumbai – 15,600 visitors
- Palladium, Ahmedabad – 15,300 visitors
- Forum Mall, Bangalore – 14,900 visitors
- Lulu Mall, Lucknow – 14,500 visitors
- Mantri Square, Bangalore – 14,200 visitors
- City Centre Mall, Kolkata – 13,800 visitors
- Korum Mall, Mumbai – 13,500 visitors
- Star City Mall, Delhi NCR – 13,200 visitors
- Reliance Mall, Surat – 12,800 visitors
- Orion Mall, Bangalore – 12,500 visitors
- Ambience Mall, Gurgaon – 12,200 visitors
- Treasure Island Mall, Indore – 11,800 visitors
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