Indian retail sector booms: 5.3 million sq. ft leased in top 7 cities during first 9 months (Jan-Sept) of 2024
The Indian retail market demonstrated remarkable resilience in 2024, with gross leasing reaching 5.3 million sq. ft across the top seven cities during the first nine months. Led by Bengaluru, Delhi NCR, and Mumbai, demand was particularly strong for fashion and apparel, which accounted for 37% of leasing activity. Despite limited new retail space, the influx of domestic and international brands signals a growing optimism in the sector, with expectations to exceed 6.5 million sq. ft by year-end.
