Chandigarh Tops Knight Frank's Tier-2 Retail Maturity Ranking
Knight Frank's latest report names Chandigarh India's most mature Tier-2 retail market, powered by the country's highest urban monthly per capita consumption. The findings underline how Tier-2 cities are emerging as critical growth corridors, drawing rising consumer spend, new retail infrastructure, and expanding international brand participation.
Knight Frank report identifies Chandigarh as India's most mature Tier-2 retail market, citing highest urban monthly per capita consumption. Tier-2 cities emerging as key retail destinations driven by rising consumer spending, expanding retail infrastructure, and growing international brand participation.
Why this matters
Knight Frank's ranking reinforces Chandigarh's earlier lead in Tier-2 consumer spending at ₹13,425 MPCE, where the city outpaced metros on retail maturity indicators.
Footfall signals steady with 224 tracked across the past 90 days.