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New supply of retail space in shopping malls to rise 43% by 2027 in top 7 cities: JLL India

The operational retail stock as of H1 2023 in the top seven cities (Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) stands at 89 million square feet as of June-end this yearNew Delhi: New supply of retail real estate...

Uniqlo plans to add 6 stores in NCR in 2-3 years

The Japanese fashion brand Uniqlo is in talks with developers including Ikea’s sister concern Ingka, Brahma Bestech and Pacific Group for leasing spaces in their malls New Delhi: Uniqlo is planning to expand its store network in the national capital region...

Rajasthan’s Bhumika Group enters Delhi NCR

Spanning across an area of five acres, the high street project is strategically positioned with approximately two acres of frontage along Mathura Road New Delhi: Rajasthan’s retail real estate developer Bhumika Group is launching its latest high street commercial project on...

Are department stores still relevant to malls?

Are department stores still the heroes in a mall? Do they still have a significant impact on the success of a shopping mall as they did at the peak of their popularity? We ask some leading shopping centre players New...

Understanding customers is key for a winning brand mix: Sameep Pathak of Oberoi Realty

Sameep Pathak, chief executive officer-malls, Oberoi Realty, sheds light on the mall's successful strategies, the significance of department stores and their commitment to sustainability Mumbai: Malls have become more than just shopping destinations. They are now bustling hubs of entertainment,...

Retail leasing witnesses a hike of 24% YoY in first half of 2023

The first six months of 2023 witnessed total leasing stood at 2.87 mn sq. ft. compared to 2.31 mn sq. ft. Bengaluru, Delhi-NCR, and Ahmedabad collectively accounted for 65% of the total share of leasingMumbai: Retail leasing witnessed a...

Starbucks opens outlet in Vapi

Spread across 1,550 sq. ft, the Starbucks outlet is located at Galaxy High Street shopping complexMumbai: Starbucks, a US-based global coffeehouse chain, opened its first store in Vapi, Gujarat, Arete Group, the developer of the brand announced in a...

Pacific Group announces the opening of The Mall of Faridabad

Located in the vicinity of NIT Faridabad, the mall will be spread across 3.8lakh sq. ft. and will offer a collection of premium retail brands, fine-dining restaurants, state-of-the-art cinema, and family entertainment centre Mumbai: Real estate company, Pacific Group is...

REITs have strong potential in India: Experts

REITs are companies that own and operate income-producing real estate, and their shares are traded on stock exchangesKolkata: The real estate investment trusts (REITs) in India will continue to have "huge potential" in the future as these may expand...

Abhishek Bansal of Pacific Group: The only way for a mall to break even sooner is through more trading

Abhishek Bansal, executive director, Pacific Group speaks to Rasul Bailay, group managing editor, IMAGES Group, about challenges mall developers face, achieving a break-even and the post-COVID category play
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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