Retail Space

In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter

Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

Realty firm M3M India has acquired 1.3-acre land parcels in Gurugram for about Rs 200 crore to build a luxury commercial project, primarily retail space. The land, located near IFFCO Chowk, has been acquired through an auction conducted by Haryana Shahari Vikas Pradhikaran (HSVP). "The development cost would be Rs 250 crores. The estimated top line for this project is Rs 1,000 crore," the company said. The project will be a mix of retail space, multiplex and offices. The cost of the land is at par with the cost in Lutyens Delhi, the company said. Pankaj Bansal, promoter of M3M India, said, "Seeing the uptick in the retail segment, we look forward to develop a comprehensive luxury-boutique retail". This luxury retail project will house most premium global brands, he added. Recently, M3M Group bought 13-acre land in Noida for Rs 827.41 crore at an auction. The total cost of acquisition would reach Rs 1,200 crore, including rent and registration fees. M3M India has a land bank of

Real estate firm will invest Rs 2,400 cr in mix-use project of housing, retail and service apartments

Vodafone Idea (VIL) on Sunday said it has rolled out 300 new-format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West, in line with its expansion blueprint to digitally connect the rural population. VIL plans to further strengthen its local presence and enhance engagement with mobile users by expanding its retail footprint to cover more rural markets in the coming months. "To ramp up its retail footprint at the sub district level, Vi has rolled out 300 new format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West," the company said in a statement. Customers in Indapur, Maharashtra; Hapur in Western UP; Basirhat in West Bengal; Usilampatti in Tamil Nadu; Payyoli in Kerala; and hundreds of other such towns will have access to quick, face-to-face service along with a range of differentiated products and offerings, it added. The Vi Shops concept for Tier 3 towns is intended to deliver a uniform experie

Hyderabad, Delhi- NCR, Mumbai, and Bangalore account for 79% of overall retail space absorption

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

As many as 31 new shopping malls are expected to be operational by the end of next year on the back of strong revival in the retail sector, according to Anarock. This year, a total of 15 new malls will enter the market spread across 12 cities and in 2023, another 16 new malls will come up. In terms of area, property consultant Anarock said fresh retail space in shopping malls is expected to rise 76 per cent this year on an annual basis. "Retail real estate is staging a strong comeback, with nearly 10.15 million square feet of new mall supply set to hit Tier 1, 2 and 3 cities in 2022, and another 7.25 million square feet in 2023," Anarock said in a statement. In 2021, 5.76 million square feet of new retail real estate supply entered the country. Chennai will see the highest supply of four new malls this year spread over an area of 2.55 million square feet. Other Tier 1 cities with new mall supply include Ahmedabad, Bengaluru, Hyderabad, Mumbai, Pune and Ghaziabad in NCR spanning 5.

Online retail spending in India is expected to grow nearly sixfold to USD 300 billion by 2030 with expansion in the number of digitally-influenced shoppers and online shoppers, said BCG

Retail sales in December grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave

The move will also help attract more foreign direct investment (FDI) and the latest technology in the sector in the coming times, they said

Parle Products has a system called sales force automation with its on-ground sales team to help it capture demand from retailers

As demand picks up, retailers are opening 50% of their new stores on high streets

Tata group retail firm Trent Ltd on Tuesday reported a consolidated net profit

The figures Tuesday point to a softening in third-quarter consumer spending growth.

The world's biggest retailer has also been given a boost by stimulus checks handed out during the pandemic

Retail sales across the country continued to recover in July

RAI expects business sentiment to improve in June as the unlock programme gets underway

Businesses across states were closed due to the second wave of the pandemic, as per a survey by Retailers Association of India (RAI)