Overview
- Cushman & Wakefield’s Q3 2025 Retail Market Beat reports a sharp rise in leasing activity across Tier II and Tier III locations this year.
- Fashion, food and beverage, and entertainment are leading new leases, reflecting demand for experience-led formats.
- The Colliers–CII study projects India’s real estate market could reach $10 trillion by 2047, with non-metro markets expected to capture a major share of future retail development.
- Industry executives point to Raipur, Visakhapatnam, Bhubaneswar, Ludhiana, Indore, Jaipur, and Lucknow as emerging retail hubs.
- Developers, brands, and investors are redirecting expansion plans to these growth corridors as incomes rise, connectivity improves, and brand reach deepens.