Indian retail sector leasing grew by 130 per cent Y-o-Y to 1.5 million sq.ft. in January-March 23 and the fashion and apparel segment had a majority share in total leasing activity at 31 per cent, followed by Homeware and Department Stores at 19 per cent. A report ‘India Market Monitor – Q1 2023’ by CBRE South Asia claims so. The report says that the supply during this period increased by 474 per cent Y-o-Y to 1.1 million sq. “Retail supply this year is expected to surpass 2022 levels owing to pent-up supply addition, with several investment-grade projects launched in the past two years set to become operational in 2023.

Source: Economic Times May 02, 2023 13:16 UTC