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
Real Estate

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Next Story
Infrastructure Transport

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Next Story
Infrastructure Urban

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?