Retail Space

Retail inflation steadily easing, food prices still a concern: RBI bulletin

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

Retail space demand to rise further, rents to surge 15% in 6 mnths: Experts

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 space across 8 cities rose 21% last year, says CBRE

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

M3M India buys 1.3-acre land in Gurugram for Rs 200 cr commercial project

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

M3M expects Rs 5,000 cr in sales through 13-acre land acquired in Noida

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

Voda Idea expands retail presence with 300 new 'Vi shops' in rural markets

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

Retail leasing rises 114% Y-o-Y, crossed 3.4 mn sq ft in 9 months: Report

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

Retail IPO applications down by over 50% in H1FY23, shows data

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

India to have 31 new malls in two years on strong retail demand: Report

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 to grow six-fold to $300 bn by 2030: Report

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 rose 7% in Dec compared to same period in 2019: RAI

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

New rules to bring clarity and provide legitimacy, say direct sellers

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

Consumer companies hit bump in digitising the supply chain

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

For retailers, high street is flavour of the season as demand picks up

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

Trent posts Rs 80-cr profit for Q2; revenue sees 2-fold jump to Rs 1,178 cr

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

Drop in United States Retail sales underscores shift to services spending

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

Walmart raises forecast as people return to stores; online sales slow

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

Retail sales touch 72 pc of pre-pandemic levels in July: RAI

Retail sales across the country continued to recover in July

Retail sales fall 79% in May, unlock to bring relief: RAI survey

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

Retail sales decline 79% in May over pre-Covid levels in 2019: Report

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