New Delhi, 15 September (IANS). The food and beverage industry stake in the total retail leasing in the top seven cities of India has increased from 16 percent to 2025 to 22 percent. This information was given in a report on Monday.
The sector has emerged as the foundation stone for the country’s retail real estate growth, with the top 7 cities since 2003 recorded 40 lakh square foot leasing activity.
These seven cities include Mumbai, Delhi, NCR, Chennai, Hyderabad, Kolkata and Pune.
According to a report by JLL, “This significant expansion shows the important role of this sector in speeding up a large retail transformation of the country, which has included about 18.6 million square feet of new shopping mall space in the last five years.”
Bengaluru has established itself as F&B leader by gaining more than one-third of the total leasing volume.
Major markets followed by Mumbai and Delhi NCRs, collectively contribute to a sector that shows strong growth capacity.
Dr. Samantak Das, Chief Economist and Research and REIS Head of JLL India, said, “F&B sector is giving a nominal look to India’s retail real estate landscape.
Das further said that by 2028, the top seven cities are expected to be available in 6 million square feet F&B space and we hope that within 3-5 years, both domestic and international operators will be rapidly abused in search of quality retail location by both domestic and international operators.
According to the report, the development of this sector has attracted significant attention to international operators, with more than 2023 new global food and beverage brands entering India.
JLL India’s office leasing and retail service head, Senior Managing Director (Karnataka, Kerala) Rahul Arora said, Growth Story is really the story of many cities, in which each has made their special place. Bangalore not only leads to more than one-third of the total leasing volume, but also leading the craft beverages revolution with 40 percent new pubs and brovers. “
-IANS
SKT/
