Retail Space

Value fashion outperforms as analysts highlight V-Mart as top retail pick

Brokerages have identified V-Mart Retail as a preferred pick on the back of superior same-store momentum, strengthened unit economics, and accelerating store expansion.

Coworking firms scale up, tapping demand for bespoke office solutions

Customised, personalised solutions enable cos to command premium versus standard rentals/leases

Retail leasing up 45% in Q3 2025 led by fashion, F&B and entertainment

India's retail real estate leasing rose 45% YoY to 2.41 msf in Q3 2025, driven by strong occupier demand from fashion, food and beverage, and entertainment categories

India to add 6 mn sq ft of F&B retail space by 2028, says JLL report

India's retail property market is on track for major growth, with new malls and high streets driving 6 mn sq ft of F&B space by 2028, as global and domestic operators expand

Retail space demand in Delhi-NCR jumps 25% in Jan-Jun 2025, shows CBRE data

Leasing of retail spaces in shopping malls and high-streets across Delhi-NCR rose 25 per cent in the January-June period on better demand and higher new supply, according to CBRE. Real estate consultant CBRE data shows that the Delhi-NCR market saw leasing of 5 lakh sq ft retail spaces in January-June as compared to 4 lakh sq ft in the year-ago period. Fashion and apparel segment was a major driver of demand in January-June 2025 with 35 per cent of the share in the total leasing across Delhi-NCR. Homeware and departmental store took 30 per cent of the retail spaces. CBRE data pertains to leasing in investment-grade shopping malls, high streets and standalone developments. Fresh supply of retail spaces in shopping malls only stood at 3 lakh sq ft during the first half of 2025 as compared to zero new supply in the corresponding period of the preceding year. Commenting on the trend, Ankit Sharma, SVP-Leasing at Elan Group, said, "Retail is no longer just about transactions, it is ab

Leasing of retail spaces drops 6% in April-June across 8 cities: C&W

Leasing of retail spaces in shopping malls and high-street fell 6 per cent to 2.24 million square feet during the April-June period across eight major cities, according to Cushman & Wakefield. Leasing of retail spaces stood at 2.39 million square feet in the year-ago period. Shopping malls accounted for 45 per cent of the leasing volume in the April-June quarter at 1.01 million square feet. High streets' share in total leasing activities stood at 55 per cent (1.23 million square feet). Suvishesh Valsan, Head, Research India at Cushman & Wakefield noted that vacancies in premium shopping malls have fallen. "Looking ahead, we remain optimistic. Nearly 4 million square feet of new Grade A supply is expected in the second half of the year, particularly across key metros such as Mumbai, Delhi-NCR, and Hyderabad," he added. Among eight cities, the leasing of retail spaces in Ahmedabad fell 63 per cent to 0.04 million square feet during April-June from 0.11 million sq ft in the ...

Blackstone-backed Nexus Select's mall play: To double count in 3-4 years

Company in talks with IFC for Rs 2,000 crore green funding

India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand

Demand for mall space has also increased, signalling growth in both e-commerce and brick-and-mortar retail industries: Report

Demand for retail space in malls, high streets up 5% in Jan-Sept: C&W

Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year across eight major cities, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that the absorption or leasing of retail space in Grade-A malls and main high streets across the top eight cities stood at 5.53 million square feet during January-September 2024 against 5.29 million square feet in the corresponding period of the preceding year. These eight cities are -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad. Saurabh Shatdal, Managing Director (Capital Markets) and Head-Retail-India, Cushman & Wakefield, said, "India's retail real estate growth remains intact as can be observed from the strong leasing numbers, both in malls and main streets". Increasing discretionary spending and evolving consumer preferences are driving demand for premium retail spaces, he added. Shatdal, ...

18 mn sq ft mall retail space to be added to top 8 cities in 2024-27: C&W

Fresh supply of retail space in shopping malls during 2024-27 across eight major cities is expected to be 18 million sq ft, which is one-third of the projected requirement to meet the demand, according to Cushman & Wakefield (C&W). Real estate consultant C&W in its latest report pointed out that "India's Retail Space Per Capita (RSPC) lags behind other South Asian countries, including Indonesia, Philippines, Thailand, and Vietnam." This underlines vast potential for expansion of retail spaces, it added. At present, the total retail space in top eight cities is around 60 million sq ft and 18 million sq ft is expected to be added during 2024-27. In the first half of 2024, no new mall became operational. "To reach a 1.0 RSPC by 2027, comparable to Indonesia -- the closest relevant comparison owing to relatively similar per capita incomes -- there is a need to construct about 55 million sq ft of mall space over the next four years," the consultant said. At present, the ...

Godrej Interio to open 104 new stores, add over 200k sq ft of retail space

Home and office furniture brand Godrej Interio on Monday said it plans to open 104 new stores and add over 2 lakh sq ft of retail space in the ongoing fiscal as part of its pan-India expansion. A part of Godrej & Boyce of Godrej Enterprises Group, Godrej Interio currently has 900 stores in more than 600 cities across India. Godrej Interio projects a 20 per cent growth this year and plans to add over 2 lakh sq ft of retail space in FY25. The company is poised to surpass 1,000 stores in August, it said in a statement. The brand will also add 104 new stores in fiscal year 2025, it added. "Our nationwide growth plan targets 34, 24, 19 and 27 new stores for the northern, western, southern, and eastern regions, respectively," Godrej Interio Senior Vice President and Head of Consumer Business (B2C) Dev Narayan Sarkar said. Along with the physical expansion, the brand continues to enhance its digital presence and the company's e-commerce platform serves more than 17,000 pin codes, the ...

Arvind Fashions Q4 results: Profit jumps two-fold to 24 cr, revenue up 4%

Demand for premium products aimed at high-income consumers remains a key driver of sales growth

V-Mart Q3 results: Profit rises 41.3% at Rs 28.23 cr, revenue up 14.4%

V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing by the value retailer. Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarter. "Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter," said an earning statement from the company. V Mart's total expenses were up 15.18 per cent to Rs 865.20 crore, up 15.18 per cent in the December quarter of FY24. Its revenue from retail trade was at Rs 872.04 and Rs 17.01 crore from digital market p

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Migsun Group sells retail space in national capital to Dmart for Rs 108 cr

Realty firm Migsun Group on Friday said it has sold 47,000 square feet retail space in its commercial project in the national capital to Dmart for Rs 108 crore. Dmart has bought the space at the project in sector 22, Rohini in Delhi, according to a statement. A leading hypermarket retail chain, Dmart has acquired the project's lower ground and first floors to set up a hypermarket store. The retail space has been acquired for Rs 108 crore, the statement said. Last year, Migsun Group had acquired 9-acre land parcels for Rs 265 crore to develop a high-street retail project. "We will develop a high-street retail project on this land, comprising 1 million square feet area," Migsun Group MD Yash Miglani had said. Commenting on the deal, Miglani on Friday said the project provides an exceptional investment opportunity for businesses seeking to establish themselves at a prime location. "It is close to Rohini West metro station and has a huge catchment area of families with high spending

New supply of retail space up 72% last year to nearly 6 mn sq ft: Cushman

The new supply of retail space in shopping malls increased 72 per cent last year to 59.48 lakh square feet across eight major cities to meet rising demand from retailers, according to Cushman & Wakefield. In 2023, as many as 11 shopping malls became operational, covering 59,48,395 square feet of space across the top eight cities. In the previous year, nine malls came into eight markets, totalling 34,49,222 square feet area. Hyderabad witnessed the completion of three shopping malls, while Pune and Chennai had two each. One shopping mall each came up in Mumbai Metropolitan Region, Delhi-NCR, Bengaluru and Ahmedabad. No fresh supply was seen in Kolkata. With 59 lakh square feet of mall commencing operations across the top 8 cities in India, Cushman said the year 2023 saw the biggest supply addition in the post-COVID world. In 2019, the same cities witnessed a new supply addition of around 50 lakh square feet of Grade-A and B+ malls. Saurabh Shatdal, Managing Director, Capital ...

Apple to fight watch ban in court after White House declines to act

Apple had already stopped selling its Series 9 and Ultra 2 watches in its online store and US retail outlets

Fast-fashion retail giant Shein may go public with US IPO filing

The Chinese retail giant, now headquartered in Singapore, is estimated to be valued over $60 billion

Retail leasing in India jumped 24% between January and July: CBRE report

CBRE said that as more international brands aim to enter India, they are witnessing growing traction in the luxury segment

Retail space demand to rise further, rents to surge 15% in 6 mnths: Experts

Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022