Investment company in india

Summary:

The Indian retail industry is experiencing robust leasing activity in the top seven cities, demonstrating the appeal of prime locations due to increased demand. According to a JLL India report, gross leasing is expected to reach 6.5–7 million square feet by the end of 2024, up from around 5.3 million square feet leased in the first three quarters. Despite limited new retail space, demand remains high, with fashion and apparel dominating at 37% and food and beverage at 18%.

 

Bengaluru, Delhi NCR, and Mumbai dominate the retail leasing sector, accounting for 59% of all activity. The demand for luxury and bridge-to-luxury retail remains strong, with high-end brands leasing 0.15 million sq. ft in the first nine months of 2024, mostly in Delhi NCR and Mumbai, which accounted for 76% of this total. During this period, India welcomed 20 new international retailers, with more than half choosing Delhi NCR for their debut location. Domestic retailers represented 78% of leasing, with direct-to-consumer brands contributing 7%.

 

Source: IBEF 

 

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