Gurugram emerges as premium retail hub as India's market eyes Rs 190 lakh crore by 2034
High-street demand, mixed-use developments and improved connectivity are positioning Gurugram to rival Delhi's purchasing power. Developers including SPJ Group, Ambience Group, Reach Group and Pyramid Infratech are betting on luxury retail as India's retail market is projected to more than double to Rs 190 lakh crore by 2034 at 9% annual growth.
Gurugram is emerging as a premium retail destination driven by high-street demand, mixed-use developments, and improved connectivity. Developers cite rising purchasing power rivaling Delhi's, with India's retail market projected to double to Rs 190 lakh crore by 2034.