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.
Sobha Limited's ambitious expansion of Sobha City Mall adds 200,000 sq ft of retail space near Thrissur Government Medical College, boosting Mannuthy commercial rentals by 22%. With 85% pre-leasing secured, the project signals strong investor confidence and positions Thrissur as a retail hotspot ahead of its December 2025 inauguration.
Pacific Group plans ambitious 15 lakh sq ft mall and 130-room hotel development in Jaipur, targeting growing premium retail demand with 2026-2027 completion.
Trichy's commercial real estate supply is projected to reach 5 million sq. ft. by 2025, driven by new hubs like Thillai Nagar, Sastri Road, and Karur Bypass Road attracting national and international brands.
DLF to sign franchisee agreement with Luxottica for retailing premium eyeware brands in India, opening over 100 Sunglass Hut stores in 5 years.
SRS Group to invest ₹1,000 crore in 3 years, launch IPO by fiscal year-end. Plans include a 5-star hotel, IT park, residential complex, retail expansion, and new cinema screens.
Carrefour explores franchise model in India, considering Parsvnath as potential partner for retail expansion