Retail Mall Operators’ Rental Income to See Robust Growth by FY2026

India’s retail mall operators are projected to achieve 8-9% rental income growth by FY2026, supported by robust trading values, stable occupancy, and festive-driven consumption recovery. Meanwhile, office vacancies in key markets are expected to hit multi-year lows, driven by strong demand from global firms and domestic corporates, as per ICRA’s latest report.

Strong Performance in India’s Commercial Real Estate Market in H1 2024 Driven by Infrastructure, Demand, and Optimism

India’s commercial real estate market showed positive growth in the first half of 2024, driven by strong demand for office spaces in key cities like Mumbai, NCR, Bengaluru, and Chennai. Infrastructure development, economic recovery, and evolving work models are fueling leasing activity across the country.