Mumbai leads in supply of retail space: Study

  • By IE
  • | Saturday | 19th August, 2017

GT Mall (0.3 million sq ft) in Bengaluru and Baani City Center (0.2 million sq ft) in Delhi NCR made up the rest. Several retail developments were completed across select cities resulting in approximately 1.5 million sq ft of fresh supply entering the market. Mumbai led the rest of the country in supply of retail space in the first half of 2017, says a study by CBRE South Asia Pvt Ltd, a real estate consulting firm. Overall, there was a slight dip in the pan-India supply compared to the 1.9 million sq ft addition in the second half of 2016, the firm said. During the first half of the year, demand for quality retail space remained robust,” said the report.

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