Retail rush: Major cities to add 16.6 mn sq. ft of malls by 2026

India's seven major cities will witness a fresh supply of 16.6 million sq. ft of prime retail spaces in shopping malls by the end of the next year, according to Anarock.

- Press Trust of India

NEW DELHI:

Real estate consultant Anarock data shows that over 16.6 million sq. ft of Grade A supply will be added in new shopping malls, likely to open during the 2025 and 2026 calendar years.

Hyderabad and Delhi-NCR will command the lion's share in fresh supply at 65%. The other five cities are Mumbai, Kolkata, Chennai, Bengaluru and Pune.

"The surge is also prompted by a perceivable shortfall in new supply of Grade A malls across cities. The previous three-year data trends show that new mall supply in the top 7 cities did not match the overall leasing," Anuj Kejriwal, CEO & MD of Anarock Retail, said.