Browsing Tag
Tier II Cities
11 posts
Indian Warehousing Demand Projected to Reach 1.2 Billion Sq. Ft by 2027, According to JLL
The Indian warehousing sector is on the verge of significant growth, with demand expected to reach 1.2 billion sq. ft by 2027. A recent JLL report highlights the rise of Grade A warehouses and the emergence of Tier II and III cities as key players in this transformation, driven by e-commerce and third-party logistics.
Retail Expansion in Tier II and III Indian Cities Set to Exceed 25 Million Sq. Ft. by 2029
A recent JLL report reveals that Tier II and III cities in India are on track for a retail expansion exceeding 25 million square feet by 2029. With North India leading the charge, this growth is fueled by increasing consumer demand, strategic land acquisitions by developers, and rising retailer confidence. Notable brands are entering these markets, marking a significant shift in the retail landscape.
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.
