New Delhi, November 14 (IANS). India’s retail sector is poised to grow with strong demand in the third quarter of 2025. The sector registered a growth of 65 percent year-on-year with gross leasing of 3.2 million square feet across the top 7 cities of the country. This information was given in a report on Friday.
A report by commercial real estate firm JLL India shows that the third quarter gross leasing volume has registered a growth of 22 percent quarter-on-quarter.
Delhi-NCR contributed 35 percent to third quarter leasing. This growth was recorded due to two newly constructed malls.
Additionally, India leasing during the quarter contributed to its 9 months gross leasing to 8.9 million sq ft, equivalent to 110 per cent of full year 2024.
With a total new supply infusion of 1.5 million sq. ft in Delhi-NCR and Hyderabad, retailers who were waiting to expand their footprint due to low supply took forward their plans with new store openings in important micro markets.
Delhi was followed by Hyderabad with 12 percent for leasing in the third quarter. At the same time, Mumbai took up 0.6 million square feet and Bengaluru took up 0.4 million square feet of retail space.
According to the information given in the release, fashion and apparel contributed 35 percent of the leasing during the September quarter. This was followed by food and beverages with 16 percent share. Daily needs and grocery contributed 11 percent of the leasing.
“The highest demand in the third quarter was seen from daily needs and grocery retailers,” said Dr. Samantak Das, Chief Economist and Research and REIS India Head, JLL.
Direct-to-consumer brands are investing in their click-and-mortar strategies, the release said. Along with this, they are rapidly expanding the availability of their physical stores in categories like Fashion & Apparel, Jewellery, Cosmetics and Wellness.
–IANS
SKT/
