Large Malls To Drive India's Retail Expansion Through

Business Standard · business

Large-format malls are projected to constitute 56% of India's new shopping mall supply by 2031, adding 51.1 million square feet of retail space. This expansion will increase India's total mall stock to 143.2 million square feet, fueled by consumer demand and brand growth. These new developments will dedicate significant space to entertainment, food, and services, transforming them into lifestyle destinations. Delhi NCR and Hyderabad are expected to see the most new retail supply, with Delhi NCR's mall stock projected to reach 48.6 million square feet by 2031.