The seven major cities mentioned in the report are Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai and Kolkata. Anuj Kejriwal, CEO, Retail & CEO-Europe, Middle East & Africa at Anarock Group said, “the supply problem is cumulative and escalating-data of India’s top seven cities over the past 16 years shows a persistent mismatch between Grade A retail supply and leasing demand.” While new mall completions fluctuated sharply on a year-on-year basis, he mentioned that the leasing demand has steadily absorbed available Grade A space, pushing vacancy rates lower. “We now have a chronically supply-constrained market where retailers’ biggest challenge is not drawing shoppers but finding the right spaces to serve them in,” Anuj Kejriwal said.
