The State Of Indian Retail Real Estate In 2018 & How Malls Are Gearing Up For 2019
Shopping Centre News|December 2018 - January 2019
The State Of Indian Retail Real Estate In 2018 & How Malls Are Gearing Up For 2019

The overall retail market in India 2018 stood at 43,251 billion and is forecast to grow by 6.4 percent CAGR in 2018-2023. GDP growth and contained inflation are generally considered panacea for most real estate woes. However, it took a lot more than that for real estate to retain even a semblance of an even keel in 2018…

The year 2018 has been an absolute roller-coaster ride for the Indian retail real estate industry. Despite all odds, economic indicators remained positive with India’s GDP growth rate pegged at 7.3 percent in 2018. The overall retail market in India 2018 stood at 43,251 billion and is forecast to grow by 6.4 percent CAGR in 2018-2023. GDP growth and contained inflation are generally considered panacea for most real estate woes. However, it took a lot more than that for real estate to retain even a semblance of an even keel in 2018.

Retailing in India still predominantly takes place in physical stores and shopping behaviour between urban and rural consumers continues to be vastly different. Smaller independents (both grocery retailers and non-grocery specialists) continued to dominate the landscape they faced growing competition from modern outlets opening in out-of-town shopping centres and malls capturing the Tier II & III markets.

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December 2018 - January 2019