India's top eight cities, including Chennai, Kolkata, Mumbai and Pune, are set to see a boom in shopping centres, with around 34 built in between January and September, according to Cushman & Wakefield. The property consultancy firm said the retail sector was bouncing back after a slowdown in growth, with even e-commerce businesses investing in bricks-and-mortar premises. The new centres will total around 13.6 million sq ft and follow a 55% uptick in mall leasing the next three years.
India's top eight cities, including Chennai, Kolkata, Mumbai and Pune, are set to see a boom in shopping centres, with around 34 built in the next three years, according to Cushman & Wakefield. The property consultancy firm said the retail sector was bouncing back after a slowdown in growth, with even e-commerce businesses investing in bricks-and-mortar premises. The new centres will total around 13.6 million sq ft and follow a 55% uptick in mall leasing between January and September.