In H1 2024, India's retail sector experienced a 5-year high of 3.1 million sqft leased in 8 cities due to luxury brands, resulting in a 7% growth rate.
India's retail sector saw a significant boost in H1 2024, with a 5-year high of 3.1 million sqft leased across 8 cities, driven by luxury brands such as Maison Margiela, Time Vallée, Breitling, Michael Kors, Daiso Japan, and ILEM Japan. This surge in retail leasing has been attributed to evolving lifestyles and increased global aspirations, leading to a 7% growth rate in H1 2024. The top cities for leasing were Bengaluru, Chennai, and Delhi-NCR, accounting for 59% of the total leasing.
July 30, 2024
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