India's Consumption Boosts Mall and Warehousing Growth

12 Feb 2024 CW Team

ICRA, a credit rating agency, projects robust growth in the Indian commercial real estate sector, particularly for mall operators and warehousing players. The surge in consumption across the country is expected to drive occupancy levels in malls and boost demand for warehousing spaces.

According to ICRA, occupancy levels in malls are projected to improve to 78-83% by March 2025, reflecting the resilience of the retail segment despite challenges posed by the pandemic. The increasing consumer spending, coupled with the gradual recovery of the economy, is anticipated to fuel footfall and sales in malls, thereby supporting higher occupancy rates.

The outlook for the warehousing sector also remains positive, with the rise of e-commerce and logistics driving demand for quality warehousing facilities. ICRA expects the warehousing segment to benefit from increased leasing activity and rental rates, supported by growing demand from e-commerce players and third-party logistics providers.

Furthermore, government initiatives such as the implementation of the Goods and Services Tax (GST) and the National Logistics Policy are expected to further boost growth in the warehousing sector by improving logistics efficiency and reducing operational costs.

Overall, ICRA's outlook reflects the optimistic trajectory of the Indian commercial real estate market, underpinned by robust consumption patterns and evolving market dynamics. The continued growth of mall operators and warehousing players underscores the resilience and adaptability of the sector in response to changing consumer behaviour and market trends.

Infrastructure Transport

30 Oct 2025

Kolkata Metro Network to Touch 130 km Soon

The Kolkata Metro, India’s first metro system, is set for a major expansion with 19 km of new routes to be commissioned by the end of 2026, as part of an ambitious plan to extend the network to 130 km in the coming years.Announcing the developments during Metro Railway’s 41st Foundation Day celebrations at Esplanade station, Subhransu Mishra, General Manager, Metro Railway Kolkata, said the ongoing projects would significantly strengthen connectivity across the city and adjoining districts.“Kolkata has a special place in India’s metro history. From a 3.5-km stretch inaugurated on Octob..

Godrej & Boyce Wins E&M Contract for Kochi Metro Phase 2

Godrej & Boyce Manufacturing Company, the flagship company of the Godrej Group, has received the Letter of Acceptance (LoA) from Kochi Metro Rail (KMRL) for executing the Electrical and Mechanical (E&M) works of Kochi Metro Phase 2.Phase 2 of the Kochi Metro — known as the Pink Line — spans 11.2 km from JLN Stadium to Infopark II, encompassing 11 stations. This extension aims to enhance connectivity between central Kochi and its rapidly developing IT and residential zones.Under the newly awarded contract, Godrej & Boyce will execute Electrical, Ventilation & Air Conditionin..

UP Govt Approves 46 UPSSF Posts for Noida Metro Security

To enhance commuter safety and strengthen security infrastructure, the Uttar Pradesh government has sanctioned 46 new posts from the 5th Battalion of the Uttar Pradesh Special Security Force (UPSSF), Saharanpur, for deployment across 21 metro stations on the Noida–Greater Noida Metro Rail Corridor.According to an order issued by Mahendra Singh, Special Secretary (Home Department, Section-6), the decision follows a proposal submitted by the Additional Director General (ADG), UPSSF, in response to the growing security requirements across metro and transport hubs in the region.The sanctioned po..