Mumbai, May 9 (IANS). This year, in the January-March quarter, the Indian retail sector has registered a 169 percent increase on an annual basis. A report released on Friday stated that the strong pace of opening new retail stores continued in major metros.
According to JLL India report, the retail sector saw a 9 percent increase on a quarterly basis regarding gross leasing activity.
The demand for retail space continued to increase in the top seven cities, while the construction of new retail space also reached a new level.
During the first quarter of 2025, retail sellers in the top seven cities and the retail vendors in the high street were on 3.1 million square feet of lease.
In the first three months of the year, new retail spaces of 2 million square feet were added to the supply front.
Bangalore and Hyderabad jointly took 60 percent of India’s total leasing activity to the geographical spread of leasing volumes.
The report stated that vibrant leasing was seen in suburban micro markets on the major roads of these two cities, which led to a large store size requirements from daily needs and grocery, food and beverages and retailer categories like fashion and apparel.
Fashion and apparel in the retailer category remained at the forefront of India’s retail scenario.
JLL Chief Economist, Research and REIS India Head, Dr. Samantak Das said, “The segment took a significant 31 percent share in the leasing activity in the first quarter of 2025. Brands who have completed contemporary and fast fashion made the existing and new entrances in the Indian retail landscape, so that the growing needs of the young mass and new entrances were fulfilled so that the growing needs can be met so that the growing needs can be fulfilled so that the growing needs can be fulfilled in the Indian Retail landscape. Could. “
During the quarter, domestic retailers continued to capture retail space with 86 percent stake. In this quarter, 8 new brands of international origin opened their first retail stores in the country.
JLL’s office leasing and retail services India Head, Rahul Arora, said, “These retailers consisted of fast-fashion brand, European coffee giant and electric vehicles (EV) manufacturer. The promoting out-off-hom coffee market in India continued to attract new international brands to complete the Articenal Browing and Premium Coffee segment.”
-IANS
SKT/
