Mall retail space of 180 lakh sq ft to be added across top 8 cities in 2024-27, 1/3rd of demand: C&W

economictimes.indiatimes.com:

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.

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