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 Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..