A July real-estate monitor report by property consultancy firm Jones Lang LaSalle (JLL) India indicates that the retail space demand improved most prominently in Hyderabad and Pune. While dearth of quality space continues to remain a problem for Mumbai.
Here's a sneak peak into retail real estate activity of India's top cities:
Ahmedabad: The Ahmedabad retail market saw precinct-specific retail activity. Corporate Road and Prahlad Nagar saw transaction activity from categories such as fashion apparels and hyper stores.Major Transactions: AND, Global Desiat CG Road Pantaloons at Prahaldnagar
Bangalore: Retail leasing activity in malls was healthy. Apparels and ethnic fashion wear had a major share of mall occupancy across Bangalore.
Major transactions: Mega Mart, Ethos and Flying Machine at Whitefield McDonald’s and Soch at Malleshwaram
Chennai: The demand was primarily driven by the high streets.
Major transactions: Sony Centre at TTK Children’s Place at Express Avenue Double Roti at Anna Nagar
Delhi NCR: Demand continues to be focused towards quality retail assets.
Major transactions: DC Shoes and Kazoin Prime South Bobbi Brown, Charles & Keith, Study by Janakin Noida-Suburbs
New completions: Unity MLCP at Rohini
Hyderabad: The retail market in the city witnessed robust growth with several transactions in upcoming shopping malls and on high streets.
Major transactions: SPAR in Nacharam Unlimited on Dr.A S Rao Nagar Max in Madinaguda Skoda in Jubilee Hills
Kolkata: The market remained stable in June. While demand remained steady, the availability of quality space determined the movement of transactions.
Major transactions: BotegaCantina Y Barat Park Street Max in Bansdroni Country Roads at DLF Galleria, New Town
Mumbai: Net absorption was moderate during the month as dearth of quality space continues to remain a problem.
Major transactions: Raymonds and Sbarro at Suburbs Gangar EyeNation at a high street in Prime North
New completions: Orion Mall in Suburbs
Pune: Retail space transactions remained healthy during the month. Categories such as Quick Service Restaurant and fashion accessories were seen expanding their footprint in various areas of the city.
Major transactions: Max opened a store in KoregaonPark