Home Retail Retail space demand improves in Hyderabad and Pune in July: JLL

Retail space demand improves in Hyderabad and Pune in July: JLL

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A July real-estate monitor report by property consultancy firm Jones Lang LaSalle (JLL) India indicates that the retail space demand improved most prominently in Hyderabad and Pune. While dearth of quality space continues to remain a problem for Mumbai.

Retail space demand improves in Hyderabad and Pune: JLL
Retail space demand improves in Hyderabad and Pune: JLL

Read: Lack of quality retail space continued in 2015

Here’s a sneak peak into retail real estate activity of India’s top cities:

Ahmedabad: The Ahmedabad retail market saw precinct-specific retail activity. Corporate Road and Prahlad Nagar saw transaction activity from categories such as fashion apparels and hyper stores.

Major Transactions:
AND, Global Desiat CG Road
Pantaloons at Prahaldnagar

Bangalore: Retail leasing activity in malls was healthy. Apparels and ethnic fashion wear had a major share of mall occupancy across Bangalore.

Major transactions:
Mega Mart, Ethos and Flying Machine at Whitefield
McDonald’s and Soch at Malleshwaram

Chennai: The demand was primarily driven by the high streets.

Major transactions:
Sony Centre at TTK
Children’s Place at Express Avenue
Double Roti at Anna Nagar

Delhi NCR: Demand continues to be focused towards quality retail assets.

Major transactions:
DC Shoes and Kazoin Prime South
, , Study by Janakin Noida-Suburbs

New completions:
Unity MLCP at Rohini

Hyderabad: The retail market in the city witnessed robust growth with several transactions in upcoming shopping malls and on high streets.

Major transactions:
SPAR in Nacharam
Unlimited on Dr.A S Rao Nagar
Max in Madinaguda
Skoda in Jubilee Hills

Kolkata: The market remained stable in June. While demand remained steady, the availability of quality space determined the movement of transactions.

Major transactions:
BotegaCantina Y Barat Park Street
Max in Bansdroni
Country Roads at DLF Galleria, New Town

Mumbai: Net absorption was moderate during the month as dearth of quality space continues to remain a problem.

Major transactions:
Raymonds and Sbarro at Suburbs
Gangar EyeNation at a high street in Prime North

New completions:
Orion Mall in Suburbs

Pune: Retail space transactions remained healthy during the month. Categories such as Quick Service Restaurant and fashion accessories were seen expanding their footprint in various areas of the city.

Major transactions:
Max opened a store in KoregaonPark