New Mall Supply to Touch 1.54 Bn Sq. Ft. by 2026 in Top Cities
Real Estate

New Mall Supply to Touch 1.54 Bn Sq. Ft. by 2026 in Top Cities

India's top seven cities are set to receive 1.54 billion square feet of new Grade A mall space in calendar years 2025 and 2026, according to ANAROCK Research. Hyderabad and Delhi-National Capital Region will account for around sixty-five per cent of this supply, marking them as key retail hubs.

Leasing activity is forecast to exceed 1.17 billion square feet over the same period, driven by rising consumer demand and the entry of over sixty international retail brands across fashion, electronics, lifestyle, and food and beverage categories.

This robust leasing has helped reduce the supply-demand gap seen in prior years. Vacancy levels, which stood at fifteen point five per cent in 2021, are expected to decline to 8.2 per cent in 2025 and 8.5 per cent in 2026.

The boom is also extending beyond Tier 1 markets. Tier 2 and Tier 3 cities are emerging as high-growth retail destinations, with their share of online shopping rising from fifty-six per cent in FY24 and projected to reach sixty-four per cent by FY30. The number of Indian online shoppers is expected to rise from 260 million in 2024 to 700 million by 2035.


India's top seven cities are set to receive 1.54 billion square feet of new Grade A mall space in calendar years 2025 and 2026, according to ANAROCK Research. Hyderabad and Delhi-National Capital Region will account for around sixty-five per cent of this supply, marking them as key retail hubs.Leasing activity is forecast to exceed 1.17 billion square feet over the same period, driven by rising consumer demand and the entry of over sixty international retail brands across fashion, electronics, lifestyle, and food and beverage categories.This robust leasing has helped reduce the supply-demand gap seen in prior years. Vacancy levels, which stood at fifteen point five per cent in 2021, are expected to decline to 8.2 per cent in 2025 and 8.5 per cent in 2026.The boom is also extending beyond Tier 1 markets. Tier 2 and Tier 3 cities are emerging as high-growth retail destinations, with their share of online shopping rising from fifty-six per cent in FY24 and projected to reach sixty-four per cent by FY30. The number of Indian online shoppers is expected to rise from 260 million in 2024 to 700 million by 2035.

Next Story
Infrastructure Urban

Agartala Plans Dedicated Bicycle Lanes, Inclusive Roads in Smart City

Agartala is preparing to become more inclusive and environmentally friendly through plans to introduce dedicated bicycle lanes and barrier-free roads under its Smart City initiative. The city will implement dedicated cycling lanes along major routes, including a stretch from Agartala Airport to Lichubagan, as part of the Urban Mobility Agenda 2025. The initiative aims to provide safe, separate lanes for cyclists to encourage green, accessible, healthy, and affordable transportation, benefiting a wide range of residents such as students and working women.Alongside cycling infrastructure, there ..

Next Story
Real Estate

Telangana to Develop 80-acre Eco-Town Inspired by Japan’s Kitakyushu

The Telangana government has announced plans to develop an 80-acre Eco-Town inspired by Kitakyushu City in Japan, as part of its broader commitment to sustainable development. The initiative will serve as a model for environmentally responsible urban planning and industrial growth.The state will collaborate with Kitakyushu on a range of progressive initiatives such as achieving Net Zero emissions, riverfront development, adoption of circular economy principles, promotion of clean technologies, and driving digital innovation.The envisioned Future City will prioritise eco-friendly industrial zon..

Next Story
Infrastructure Urban

Himachal CM Opens Integrated Command and Control Centre in Dharamshala

Himachal Pradesh has launched a new integrated command, control, and crime response centre named ‘Chakshu Chakra’ in Dharamshala, developed under the Smart City Mission. The centre is located at the Superintendent of Police Office and is aimed at enhancing urban surveillance and public safety.A total of 229 CCTV cameras have been installed at 89 critical locations throughout the city. Among these, seven locations feature advanced cameras under the Intelligent Traffic Management System (ITMS) to aid in traffic regulation and public safety measures.Developed at a cost of Rs 20.72 million, th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?