Nagpur's retail real estate is booming with a 27% surge from 3.0 million sq ft in 2024 to 3.8 million sq ft by 2027. Stable 10-15% vacancy rates signal strong demand. Metro Phase 2 and better connectivity boost hubs like Kanhan, Butibori, Hingna, Kapsi, and Sitabuldi for retail and mixed-use growth.
HDFC Property Ventures is investing $20-25 million into South India’s largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. This move marks their first foray into retail infrastructure.
German bank SachsenFonds acquires stakes in multiple Indian realty projects from Trikona Trinity Capital for Rs 607 crore
Phoenix Mills is poised to finalize the acquisition of three plots for mall developments in Ahmedabad, Hyderabad, and Nashik for approximately eight billion rupees.
Retail sector in India shows massive potential with growth and consolidation expected in the medium term