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India's retail sector leasing falls slightly Q/Q but rises Y/Y, with malls seeing strong gains.
India's retail sector leased 2.24 million square feet in Q2, a slight 5.4% drop from the previous quarter but up 17% year-to-date.
Mumbai, Hyderabad, and Delhi-NCR led with over 70% of the activity.
Malls saw a 42% increase in leasing, while Food & Beverage and Fashion took up over 50% of the space.
Despite a year-over-year 6.3% decline, the sector shows resilience with stable consumer demand and strong retailer sentiment.
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El arrendamiento del sector minorista de la India disminuye ligeramente en Q/Q, pero aumenta en Y/Y, y los centros comerciales han registrado fuertes ganancias.