With India’s total grade-A mall inventory standing at 61 million sq ft across top eight cities, the country’s retail sector needs 55 million sq ft of grade-A mall space over four years to keep pace with the market, according to a report by Cushman & Wakefield.
Low mall penetration is the reason why vacancies in existing grade-A malls are at its lowest level across top real estate markets.
Low mall penetration is the reason why vacancies in existing grade-A malls are at its lowest level across top real estate markets.
