India's new mall space set to double in 2022, says Anarock report

New malls with nearly 10.15 million square feet, which is 86 per cent more than what was created in 2021, will come up in Tier I, II and III cities this year, according to a report of Anarock.

Another 7.25 million square feet will follow in 2023.

In 2021 approximately 5.76 million square feet of retail real estate was created.

The report said in 2022, 15 malls would enter the market, spread across 12 cities in the country.

Chennai will see the highest number -- four -- spread over 2.55 million square feet.

Other Tier 1 cities with new malls