Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank

The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

Organised retail sales volume in the top eight Indian cities is estimated to grow at a compounded annual growth rate (CAGR) of 17 per cent, from $52 billion in FY22 to $136 billion by FY28, according to a report by Knight Frank India. 

The eight cities include, Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region (NCR) and Pune. 

In the same period, potential retail sales in Indian malls are estimated to grow at a CAGR of 29 per cent in the FY22-28 period to reach $39 billion by FY28.

Indian malls across these cities grew at a CAGR of