Written by Manu Bhazin, Country of Head of IQI India
According to a study by the Confederation of Indian Industry and Knight Frank:
- Retail consumption is expected to grow to 21% of total private consumption by 2034.
- Traditional shopping hubs are giving way to premium malls, mixed-use developments, and experience-driven
retail spaces
Developers are rethinking their strategies, focusing on large-scale, high-end projects that cater to a growing
aspirational population looking for immersive retail experiences.
Delhi-NCR: India’s Retail Investment Hotspot
Delhi-NCR has emerged as India’s top retail investment destination in 2024, driven by:
Record leasing volumes
Lower vacancy rates
Rising rental values
Strong infrastructure expansion
This region’s growth reflects a shift from traditional marketplaces to organized retail hubs, shaping the future of India’s real estate landscape.
The Transformation of High-Street Retail
Luxury retail zones, lifestyle centers, and mixed-use developments are replacing traditional shopping areas.
These developments combine residential, office, and entertainment spaces, creating integrated urban
ecosystems where people can live, work, and socialize.
Impact on Logistics, Hospitality, and Technology Sectors
India’s retail expansion is fueling growth in:
Logistics (rising demand for last-mile delivery solutions)
Hospitality (luxury malls integrating high-end dining and entertainment)
Technology (enhanced digital and omnichannel shopping experiences)
Retail Real Estate: The Future of Urban Development
With India’s consumption economy on the rise, retail real estate is set to play a pivotal role in shaping the country’s urban development over the next decade.
For investors, developers, and retailers, now is the time to capitalize on India’s retail revolution.