Hyderabad has highest concentration of Grade A malls, report says – The New Indian Express


By Express press service

HYDERABAD: With the recovery of the retail sector after the pandemic, Hyderabad has recorded the highest concentration of Grade A shopping malls in the country.

Class A malls represent a maximum share of 52% of the city’s total inventory with 3.9 million square feet in the first half of 2022. This is the highest percentage of Class A leasable area for a city among the eight major markets. The share of category B and C shopping centers was 21% (1.57 million square feet) and 27% (2.02 million square feet) respectively.

Gross leasable area across 217 operating malls across India’s 8 major cities stood at 92.9 million square feet in the first half of 2022. Significant growth of 77.4 million square feet in gross leasable area was recorded until December 2019.
According to the Knight Frank report, between fiscal year 2017 and 2022, sales volume in the organized retail sector grew at a CAGR of 24%, reaching $52 billion across the top 8 cities. In addition, over the next five years, between fiscal year 2023 and fiscal year 2028, organized retail volume is expected to grow at a CAGR of 17%, reaching $136 billion.

Shishir Baijal, President and Managing Director of Knight Frank India, said, “Existing Grade A malls are over 95% occupancy, indicating the demand for quality real estate in this segment.

HYDERABAD: With the recovery of the retail sector after the pandemic, Hyderabad has recorded the highest concentration of Grade A shopping malls in the country. Class A malls represent a maximum share of 52% of the city’s total inventory with 3.9 million square feet in the first half of 2022. This is the highest percentage of Class A leasable area for a city among the eight main markets. The share of category B and C shopping centers was 21% (1.57 million square feet) and 27% (2.02 million square feet) respectively. Gross leasable area across 217 operating malls across India’s 8 major cities stood at 92.9 million square feet in the first half of 2022. Significant growth of 77.4 million square feet in gross leasable area has recorded up to December 2019. According to the Knight Frank report, between fiscal year 2017 and 2022, the sales volume in the organized retail sector grew at a CAGR of 24%, reaching USD 52 billion in the 8 main cities. In addition, over the next five years, between fiscal year 2023 and fiscal year 2028, organized retail volume is expected to grow at a CAGR of 17%, reaching $136 billion. Shishir Baijal, President and Managing Director of Knight Frank India, said, “Existing Grade A malls are over 95% occupancy, indicating the demand for quality real estate in this segment.

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