India’s mall boom set to add 51.1 Million Sq Ft of retail space by 2031
- India is expected to add 51.1 million sq. ft. of mall space by 2031, taking total stock to 143.2 million sq. ft.
- Large-format malls will account for nearly 56% of upcoming supply, focusing on experiential and destination-led shopping.
- Delhi NCR and Hyderabad are expected to receive more than half of the upcoming retail mall supply.
- Entertainment, food, beverages and services will occupy nearly one-third of upcoming mall space, expanding beyond traditional retail.
Source: thehansindia.com
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