India’s retail property market is gaining momentum, with Q1 leasing activity reaching about 3.1 million sq ft. Limited availability of new mall space is pushing retailers toward high streets and alternative formats, underscoring the sector’s resilience. Looking ahead, a large pipeline of retail developments is expected to expand organized retail and draw more investment.
After the pandemic accelerated online buying, shopping patterns have stayed changed. With quick commerce and home delivery, consumers can access the same high-end brands without visiting malls, shifting demand toward apps and fast delivery. The question now is whether malls can reinvent themselves—or whether they’re becoming optional for a growing share of shoppers.
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