Lucknow Leads Tier 2 Cities in Shopping Centre Space, Kochi Follows Closely
Lucknow tops the list of 21 Tier 2 cities in India with the highest gross leasable area for shopping centres, surpassing major cities like Kolkata and Ahmedabad.
Retail Real EstateShopping CentresTier 2 CitiesLucknowKochiReal Estate NewsAug 19, 2024
According to Knight Frank India's research report, Think India, Think Retail 2024, Kochi takes the second spot with 2.3 million sq ft, followed closely by Jaipur with 2.1 million sq ft.
Knight Frank India conducted a primary survey of 340 shopping centres across 29 Indian cities, including 21 Tier 2 cities like Lucknow. The survey revealed that Lucknow contributed 5% to the total 125.1 million sq ft of shopping centre stock across these 29 cities in 2023.
Lucknow also ranked 7th in terms of gross leasable area of shopping centre stock in the country. Looking specifically at the 21 Tier 2 cities, Lucknow accounted for an impressive 18.4% share of the total 30.8 million sq ft of GLA across these cities in India.
The operational shopping centres in Lucknow host more than 580 retail outlets, with half of them being of Indian origin, while international brands trail closely. The city's shopping centre density of 1,439 sq ft in 2023 highlights its strong commercial infrastructure.
Frequently Asked Questions
Which city tops the list of Tier 2 cities in India with the highest gross leasable area for shopping centres?
Lucknow
Which city takes the second spot in terms of gross leasable area for shopping centres in Tier 2 cities?
Kochi
What is the total gross leasable area of shopping centres in Lucknow?
5.7 million sq ft
How many retail outlets are hosted by operational shopping centres in Lucknow?
More than 580
What is the shopping centre density of Lucknow in 2023?
1,439 sq ft
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