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.

Inorbit Malls in Hubli

Suresh Enterprises Pvt Ltd has sold the Akshay Sky Mall in Hubli to Inorbit Malls, highlighting a major advancement in the region’s real estate sector. With 643,319 sq. ft. of retail space, this development aims to enhance the local economy and cater to a young, aspirational consumer base, reinforcing Hubli’s status as a growing commercial hub.

JLL Facilitates Landmark Student Housing Deal in Mumbai

Mumbai, August 28, 2024 — In a move set to redefine non-campus…

NAREDCO Maharashtra to Host Major Real Estate Forum in Mumbai

The National Real Estate Development Council (NAREDCO) Maharashtra Chapter will host The…

New-age buildings dominate India’s office market, accounting for 84% of total net absorption since 2021

Between the years 2021 and Q1 2024, 164.3 million sq ft of…