Retail Returns – New Mall Supply to Double to 10.15 Mn sq. ft. in 2022 Pan-India
Mumbai, 1 August 2022: Retail real estate is staging a strong comeback, with nearly 10.15 Mn sq. ft. of new mall supply set to hit Tier 1, 2 and 3 cities in 2022, and another 7.25 Mn sq. ft. in 2023. In 2022, new mall supply will be almost twice that of 2021, when approx. 5.76