India retail leasing hits record high in 2024, momentum set to carry into 2025
Fashion, F&B and beauty drove record retail leasing across Bengaluru, Delhi-NCR, Mumbai, Hyderabad, Chennai and Pune. Grade-A mall supply constraints have pushed vacancies to lows, firming rentals and tilting the market in favour of landlords through 2025.
India's retail leasing hit record highs in 2024, led by fashion, F&B, and beauty, with momentum expected to sustain in 2025. Grade-A mall supply constraints push vacancies to lows, firming rentals in a landlord-favourable market across major metros.