Delhi and Hyderabad to dominate India’s mall supply industry!
In India, malls are becoming a crucial component of the retail environment since they offer a single location for dining, shopping, and entertainment. As there has been an increase in demand for malls in recent years, Delhi-NCR and Hyderabad are expected to take the lead in providing malls in India.
Delhi-NCR
With several malls and shopping complexes meeting the rising demand, Delhi-NCR has become a significant retail hub in India. Some of the biggest and most well-known malls in the nation, such as Ambience Mall, Select Citywalk, and DLF Mall of India, are located in this area.
With a growing emphasis on experiential shopping, Delhi-retail NCR’s environment has seen a substantial transition in recent years. Malls are no longer only places to shop; they have evolved into entertainment hubs with a variety of amenities including gaming areas, food courts, and movie theatres. This has increased foot traffic at the malls and drawn in a younger clientele.
With multiple new malls planned for the area, the demand for malls in Delhi-NCR is expected to increase even further. Several additional malls are being planned to meet the need for retail space in the area, which is anticipated to increase with the opening of the Noida International Greenfield Airport.
Hyderabad
In recent years, Hyderabad has become a well-known destination for shopping thanks to the construction of several new malls. Several of the most well-known shopping centers in the nation, such as Inorbit Mall, Forum Sujana Mall, and GVK One Mall, are located in the city.
With a growing emphasis on luxury goods, Hyderabad’s retail environment has seen a substantial transition in recent years. Many high-end brands and opulent shops can be found throughout the city, drawing affluent customers.
Hyderabad’s need for malls is expected to increase as a result of the city’s plans for some new malls. The demand for retail space in the area is anticipated to increase as a result of the forthcoming Hyderabad Metro Rail, and several new malls are being built along the metro.
While Delhi-NCR and Hyderabad are anticipated to lead India’s mall supply, other cities like Mumbai, Bengaluru, and Chennai are also seeing rapid expansion in the retail industry. Several well-known malls and shopping complexes may be found in these locations, drawing a wide variety of consumers.
With numerous new malls planned in the upcoming years, the demand for malls in these cities is expected to increase even more. Demand for retail space in these cities is anticipated to increase as a result of the government’s focus on infrastructure development, such as the Mumbai Metro and Bangalore Metro Rail.
In conclusion, there will be an increase in demand for malls in India, with Delhi-NCR and Hyderabad providing the majority of the supply. The demand for retail space in these locations is being driven by the growing emphasis on experiential and luxury retail, and numerous new malls are being built to meet this need. In the upcoming years, a wide variety of customers are anticipated in other cities including Mumbai, Bengaluru, and Chennai, all of which are seeing considerable expansion in the retail industry.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
