Physical retail surging: 41 million sq ft new development expected by 2028

The physical retail market has a robust supply of nearly 41 million sq ft of retail developments scheduled to be operational between 2024 and 2028 across top 7 cities of India. This supply constitutes projects that are either under construction or in active planning stage.

Delhi-NCR is projected to have the majority share with 34% of this supply, followed by Chennai’s 20%, Bengaluru, and Hyderabad each at 15%, showed a JLL India study.