Mumbai:
This year, in the January-March quarter, the Indian retail sector has registered a 169 percent increase on an annual basis. A report released on Friday stated that the strong pace of opening new retail stores continued in major metros. According to JLL India report, the retail sector saw a 9 percent increase on a quarterly basis regarding gross leasing activity in the retail sector.
There is a continuous increase in demand for retail space
The demand for retail space continued to increase in the top seven cities, while the construction of new retail space also reached a new level. During the first quarter of 2025, the retail vendors gave 3.1 million square feet on the lease of 3.1 million square feet in the top seven cities during the first quarter of 2025. In the first three months of the year, new retail species were added to the first three months of the year.
Fashion and apparel in retailer category
Bangalore and Hyderabad together took 60 percent of India’s total leasing activity for the geographical spread of leasing volume. The report stated that vibrant leasing was seen in suburban micro markets on the major roads of these two cities, which led to the requirement of daily needs and ritler categories like daily needs and rackets and fashion and fashion and fashion. Fashion and apparel in the category remained at the forefront of India’s retail scenario.
JLL Chief Economist, Research and REIS India Head, Dr. Samantak Das said, “This segment took 31 percent of the leasing activity in the first quarter of 2025. Brands who have completed contemporary and fast fashion expanded the growth of footprints as the existing and new entrances in the Indian retail landscape, so that the growing needs of the young masses were fulfilled so that the growing needs can be fulfilled in the Indian Retail landscape. Could. “
86 percent stake of domestic retailers
During the quarter, domestic retailers continued to capture retail space with 86 percent stake. In this quarter, 8 new brands of international origin opened their first retail stores in the country.
JLL’s office leasing and retail services India Head, Rahul Arora, said, “These retailers consisted of fast-fashioned brands, European coffee giants and electric vehicles (EV) manufacturers. The promoting out-off-hom coffee market in India continued to attract new international brands to complete the Articenal Browing and Premium Coffee segment.”
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