iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Knight Frank forecasts sales in malls in India to touch $39 billion by FY28

13 Sep 2022 , 03:14 PM

A property expert predicts that retail sales in the top eight cities would increase by 29% yearly to reach USD 39 billion by the 2027—28 fiscal year, driven by rising consumption and the building of new malls.
A paper by Knight Frank titled “Think India, Think Retail 2022 – Reinventing Indian Shopping Malls” was made public on Tuesday at a webinar. The analysis predicted that the organized retail sales volume in the top eight Indian cities would increase at a CAGR of 17% from USD 52 billion in FY 2022 to USD 136 billion by FY 2028.

The expert stated that throughout the same time period, potential retail sales in Indian malls are predicted to increase at a CAGR (Compound Annual Growth Rate) of 29%, reaching USD 39 billion by FY2028.
Mumbai, the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad were the top 8 cities for mall retail sales, and they increased at a CAGR of roughly 3% to reach USD 8 billion in FY2022.

Mall potential consumption is anticipated to approach pre-Covid-19 levels in FY2023, rising to USD 11 billion. According to Vivek Rathi, Director of Research at Knight Frank India, there would be a 50-55 million square foot increase in new retail space in malls over the next six years, which will result in higher sales at shopping centers.
He said that the expansion of organized retail consumption as well as the economy had been considered. According to Knight Frank, the total mall stock at the end of the first half of the 2022 calendar year was 8.6 million square meters (92.9 million square feet), distributed across 271 active malls in the top eight markets.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Economy & Policy
  • Indian economy
  • news
  • Retail
  • Shopping mall
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.