India to Witness a Boom in Premium Malls with 20 New Additions by 2026
A recent report by Cushman & Wakefield reveals that India is set to witness a significant boost in its retail sector with the addition of 20 premium malls across eight major cities by 2026.
Premium MallsRetail SectorReal EstateCushman WakefieldIndiaReal Estate MumbaiApr 15, 2025
The cities that will see these new developments include Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kochi, and Ahmedabad. Each of these cities has been chosen for their robust economic growth, high disposable income levels, and a growing demand for retail spaces.
The report highlights that the total retail space in these cities is expected to increase by 35 million square feet, with each new mall ranging from 50,000 to 300,000 square feet. This significant expansion is expected to create numerous job opportunities and stimulate local economies.
One of the key drivers of this growth is the increasing preference for experiential retail. Modern consumers are not just looking for places to shop but also for entertainment and dining options. These new premium malls will cater to this demand by offering a blend of retail, dining, and leisure activities, making them one-stop destinations for families and young professionals.
Cushman & Wakefield, a leading real estate services firm, has been closely monitoring the retail sector in India. The firm's experts predict that these new malls will not only attract established brands but also provide a platform for emerging entrepreneurs and local businesses to showcase their products.
The development of these malls is also expected to have a positive impact on the real estate market. Property values in the areas surrounding these malls are likely to rise, making them attractive investments for both residential and commercial developers.
However, the success of these new malls will depend on several factors, including their location, design, and the mix of retail and entertainment options they offer. Developers will need to focus on creating unique and engaging experiences that resonate with the local community.
The Indian government has also played a crucial role in this development by introducing policies that encourage foreign investment in the retail sector. These policies have attracted international brands and investors, contributing to the growth of the retail industry.
In conclusion, the addition of 20 new premium malls across eight major Indian cities by 2026 is a significant milestone in the country's retail sector. It promises to bring about a new era of retail experiences and economic growth, making India a more attractive destination for global brands and investors.
Frequently Asked Questions
Which cities will see the addition of new premium malls by 2026?
The cities that will see the addition of new premium malls by 2026 are Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kochi, and Ahmedabad.
How much retail space is expected to be added in these cities by 2026?
The total retail space in these cities is expected to increase by 35 million square feet by 2026.
What is driving the growth of premium malls in India?
The growth of premium malls in India is driven by the increasing preference for experiential retail, robust economic growth in major cities, and policies that encourage foreign investment in the retail sector.
What impact will these new malls have on the local economy?
These new malls are expected to create numerous job opportunities, stimulate local economies, and increase property values in the areas surrounding them.
What is the role of the Indian government in this retail expansion?
The Indian government has introduced policies that encourage foreign investment in the retail sector, which has attracted international brands and investors, contributing to the growth of the retail industry.
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