India’s brick and mortar retail universe is bouncing back with strong leasing activity of 3.16 million square feet recorded in the first six months of the current calendar year till June, according to a study released by JLL on day one of the MAPIC India conference, Wednesday.
Leasing activity in the retail sector was believed to have slowed down during and post pandemic as digital consumption was on the rise.
Shopping mall stock as of first half of calendar year 2023 was 89 million square feet with expected supply pipeline of over 38.04 mn sq ft of retail developments between H2 2023 and 2027 taking the tally to 127 mn sq. ft by the end of 2027, said Dr. Samantak Das, Chief Economist and Executive Director – Research & REIS, India, JLL.
More Stories
Ajmera Realty Introduces it’s Luxury Collective with a Gold Identity to Mark Its Entry into the Luxury Segment
Feb 13: Ajmera Realty marks the introduction of it’s Luxury Collective by unveiling a distinctive gold logo to signify its...
Ivey Publishing Showcases ECU Worldwide’s Data-Driven Customer Retention Strategy as Global Business Case
Mumbai, Feb 13: ECU Worldwide, a global leader in LCL consolidation and a wholly-owned subsidiary of the newly formed Allcargo Global...
GAINSCO Auto Insurance® Extends Relationship with One Inc; Upgrades to Latest Version of ClaimsPay
FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, the leading digital payments network for the insurance industry, today announced that GAINSCO Auto Insurance®, a...
Modern Ayurveda Brand Sarvagun Scales Rapidly, Targets INR 10–12 Crore ARR in Next 12 Months
New Delhi, Feb 12: Sarvagun, a modern Ayurveda and holistic healthcare brand backed by RASA Group, is witnessing rapid growth...
AD Ports Group Joins Africa Ports Development’s (APD) 30-Year Concession for the New Dry Bulk Terminal in Douala Port – Cameroon
Abu Dhabi, UAE – Feb 12: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, logistics, and industry solutions,...
BIBA Unveils its SS26 Collection with Ashika Ranganath at Phoenix Mall, Bengaluru
Bengaluru, Feb 12: BIBA, India’s leading homegrown fashion brand, launched its Summer 2026 collection at its store in Phoenix Mall...