India’s Retail Sector Poised for Expansion: 55 Million Square Feet of Grade-A Malls Needed by 2027
India’s retail industry is on the brink of a major transformation, with a report from Cushman & Wakefield estimating a need for 55 million square feet of Grade-A mall space by 2027. This demand is driven by rising consumer spending and an influx of international brands entering the market. Despite these opportunities, the pace of retail development has lagged, highlighting an urgent need for quality retail spaces to capitalize on the sector’s potential.
