Chandigarh tops India's tier-2 consumer spending league at ₹13,425 MPCE, beating metros on retail maturity
Knight Frank ranks Chandigarh as India's most mature tier-2 retail market with the highest monthly per-capita expenditure of ₹13,425 and 91% Grade-A stock. Karnataka, Tamil Nadu, Kerala and Maharashtra follow, while Gujarat and Rajasthan emerge as underserved markets with thin international brand penetration and 18% vacancy.
Knight Frank report ranks Chandigarh as India's most mature tier-2 retail market with highest MPCE of ₹13,425, followed by Karnataka, Tamil Nadu, Kerala, Maharashtra. Highlights consumption, occupancy, international brand presence and underserved markets like Gujarat.