- State drive to end child labour in GPs
- 95 bonded labourers rescued from charcoal units
- Kurnool GGH successfully performs hiatus hernia surgery
- Prisons must focus on reform: Collector
- MLA assures to resolve public grievances
- Rajpath Infra honours Puttaparthi MLA
- Join hands for a ‘Clean Dharmavaram’: Minister Satya Kumar
- Gandhi, Shastri’s ideals continue to inspire generations: Farooq
Hyderabad, NCR set to drive mall expansion
In Short
A new JLL report reveals that Indian developers will add 51.1 million sq. ft. of retail mall stock by 2031, led by large-format experiential hubs in Delhi-NCR and Hyderabad.
Share :
New Delhi: Indian real estate developers are expected to add nearly 51.1 million sq. ft. of new shopping mall space over the next five years, propelling the total shopping mall stock to 143.2 million sq. ft. by the end of 2031, a report said on Monday.
The report from JLL said that the significant expansion is driven by surging consumer demand, a strong influx of international brands and expansion by domestic brands.
India recorded gross leasing volumes of 6.3 million sq. ft in the first half of 2026. India’s retail stock reached 92.1 million sq. ft. across the top 7 cities with a vacancy rate of 11.2 per cent as of June 2026. Of the total upcoming mall supply, nearly 56 per cent will comprise large-format malls designed to cater to the experiential and destination needs of shoppers.
Over half of the upcoming retail supply is expected in Delhi NCR and Hyderabad. “The shift toward large-format, experiential destinations signals a fundamental transformation in how consumers engage and how consumption patterns are evolving with changing generational preferences,” said Saket Amrit, Head of Retail Services, India, JLL.
Nearly one-third of upcoming supply is dedicated to entertainment, F&B, and services, signalling expansion beyond traditional commerce to create lifestyle destinations that blend technology, design, and experience.
