India's retail real estate market gains momentum in Q1 with 3.1 million sq ft leasing activity across top seven cities, marking 1% year-on-year growth despite 15% sequential moderation. High streets emerged as the dominant format, capturing 48% of total leasing as supply constraints reshape retailer expansion strategies. Mall vacancy rates compressed 40 basis points to 11.9%, signaling sustained demand outpacing available institutional-grade supply. Mumbai led activity with 26% share, followed by Bengaluru and Delhi NCR at 21% each. Fashion and apparel continued dominating, while entertainment segment grew with 16% contribution. Domestic retailers commanded 79% market share, reflecting strategic diversification across formats. The sector demonstrates structural strength despite supply-side challenges and upcoming pipeline additions.
Post from MarketNews_en
Log in to interact with content.