LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

India’s brick and mortar retail to get a boost with 34 new malls by 2020

Restoring their faith in brick and mortar retail, analysts from consultancy firm have estimated 34 new malls entering eight cities in India in three years.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India’s brick and mortar retail to get a boost with 34 new malls by 2020
The estimated 34 malls in the making suggest that retail malls will continue to hold importance as a ‘destination’ going beyond stores. Image Source: Pixabay
Written By: ZeeBiz WebTeam
Updated: Mon, Oct 16, 2017
04:21 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT
Govt's liquidity boosting steps to safeguard businesses, jobs: Retailers Govt's liquidity boosting steps to safeguard businesses, jobs: Retailers
Reliance Jio aims to sell 2cr JioPhones in UP in next 2 months Reliance Jio aims to sell 2cr JioPhones in UP in next 2 months
Walmart in talks to buy more than 40% of Flipkart: Sources Walmart in talks to buy more than 40% of Flipkart: Sources
E-tailing industry sales slips in October to December period E-tailing industry sales slips in October to December period
Key Highlights
  • A total of 34 malls is estimated to start operations in eight cities in India.
  • In nine months till September an estimated Rs 7,959 crore has been invested by Private Equity funds in malls.
  • Hyderabad will be witnessing the largest number of new retail malls at 11 new malls.

Indian retail sector will be getting a further impetus for growth with a total of 34 malls that are estimated to start operations in eight Indian cities by 2020.

“Totalling approximately 13.6 million square feet (msf), the new supply will add approximately 20% to the total available mall inventory in these cities,” said Cushman & Wakefield in a report on Monday.

“The retail sector has been encouraged by an upward trend in mall space leasing which was up by 55% in the period January – September 2017, recorded at 2.3 msf. New supply for the same period saw a year – on – year (y-o-y) declined of 63% to be recorded at 1.9 msf,” the report added.

The estimated 34 malls in the making suggest that retail malls will continue to hold importance as a ‘destination’ going beyond stores.

“After a prolonged period slow growth, the retail sector has regained momentum and its trust in traditional brick and mortar retail space acknowledging the role that will play in the future growth of the sector,” the report said.

“An estimated Rs 79.59 billion (Rs 7,959 crore) has been invested by Private Equity funds in malls between January 2016 – September 2017,” the report added.

Among the cities that will be getting new malls are Mumbai, Pune, Chennai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad and Kolkata.

“Hyderabad will be witnessing the largest number of new retail malls at 11 new malls, more than doubling its current mall inventory for under 3 msf to over 6 msf by 2020,” the report said.

The next cities to follow with the most number of upcoming malls was Delhi-NCR and Bengaluru with eight and six malls respectively.

Mumbai is estimated to have two new malls by 2020.

“With the estimated size of retail sector pegged at INR 1 trillion by 2020, at an approximately 15% CAGR between 2016 – 2020, the scope for retail real estate remains high. With foreign retailers entering the country and expanding aggressively, brands are preferring to be located in malls that are likely to see higher occupancy levels. Hence, over the next few years, investors will be on a lookout for professionally managed, well-run malls that would witness yields improving and rental values inching up, thereby improving returns for investors,” Anshul Jain, Country Head and Managing Director, India, Cushman & Wakefield. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Retailmallsbrick and mortar storesRetail sectorHyderabadMumbaiConsumer Products
RELATED NEWS
India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT India's retail trade lost business worth Rs 9 lakh cr in last 60 days: CAIT
Govt's liquidity boosting steps to safeguard businesses, jobs: Retailers Govt's liquidity boosting steps to safeguard businesses, jobs: Retailers
Reliance Jio aims to sell 2cr JioPhones in UP in next 2 months Reliance Jio aims to sell 2cr JioPhones in UP in next 2 months
Walmart in talks to buy more than 40% of Flipkart: Sources Walmart in talks to buy more than 40% of Flipkart: Sources
E-tailing industry sales slips in October to December period E-tailing industry sales slips in October to December period

LATEST NEWS

Routine Immunization during COVID-19: Debunking myths and what parents need to know

Cyber agency cautions users against certain weaknesses detected in WhatsApp

IndianOil Alert – Your Opportunity to earn WHOPPING Rs 2 Cr – Know terms and conditions; Do this and Win BIG

Gold Price Today 18-04-2021 – Be prepared to pay more for Gold, Silver; not just coronavirus, bullion prices may jump because of THIS reason

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range; says global markets, Q4 results to drive street

Expert recommends BUY ACC with price target of Rs 2100, stop-loss Rs 1850

Petrol, Diesel Price Today – Rates unchanged on Sunday in 4 metros; Do this to get latest prices in Delhi-NCR, Mumbai, Kolkata and Chennai

Katrina Kaif tests negative for COVID-19

Rajini, Kamal, Mohanlal and many others mourn Vivek's demise

7th Pay Commission Latest News: 'Special Allowance' extended for These Central government employees

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved