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Retail boom in sacred cities driven by a surge in spiritual tourism

Growing tourism is attracting retail brands to establish a footprint in these potential market  New Delhi: Retail chains are capitalising on the growing trend of spiritual tourism across more than a dozen cities in India, according to the latest report.The 14 cities include Amritsar,...

High street top choice for luxury brands to open retail stores in 2023: CBRE

While high streets constituted a 45% share in the overall luxury retail leasing in 2023, luxury brands' stores in malls followed at 40% and standalone stores accounted for the remaining 15% New Delhi: Luxury brands preferred high street retail locations...

Emerging Tier- 2 retail hotspots in North India

The report from CBRE South Asia states that the total retail stock in 14 tier-2 cities stood at 29 mn. sq. ft. as of September 2023New Delhi: Nearly 35 major domestic and international retail brands entered 14 tier-2 cities...

Retail leasing hits all-time high, touches 7.1 million sq. ft. across top 8 cities in 2023

Fashion & apparel, along with homeware and department stores drove demand in July-December 2023 New Delhi: The retail sector recorded an all-time high leasing in 2023, touching a historic level of 7.1 million sq. ft. across eight cities, an increase...

Kerala leads in number of mall launches in 2023

Of the six big mall launches of 2023, two are malls in Kerala from developers like Lulu Group and Prestige Group New Delhi: God’s own country Kerala has fared well in shopping centre supply this year. The state, a leading...

Leasing of retail real estate space up 46% in Jan-Sep across 8 cities: CBRE

The data is for absorption of retail real estate space in shopping malls, prominent high street locations and standalone retail propertiesNew Delhi: Leasing of retail space rose 46 per cent across eight cities in the January-September period to 4.73...

Retail space leasing in 8 cities to rise 17-28% in 2023 to 55-60 lk sq ft: CBRE

The rise is driven by demand from retailers in fashion & apparel, homeware, and departmental stores categoriesNew Delhi: Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent...

Cold storage demand to rise on online sales, cloud kitchens

The demand for cold storage facilities in India is likely to rise on the back of increase in online grocery and fresh food deliveries and the emerging trend of cloud kitchens, said a report. As per a CBRE report, the...

Cold Storage Real Estate (RE) capacity likely to double by 2023: CBRE

CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, released its comprehensive findings on the CS segment in the country and the factors which would lead to its robust growth. The findings by CBRE stated that the CS...

New leasing of retail spaces may take hit in short-term due to lockdown

India''s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and...
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Former HUL CEO Mehta teams up with PE fund L Catterton for India-focused JV

Mehta will serve as the executive chairman of India for the vehicle from 4 April onwardsMumbai: Former Hindustan Unilever...
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