Anarock：2026印度主要大都市商场租赁趋势报告（英文版）（62页）.pdf

1、Leasing Trends In Malls Across Top Metropolitan Cities In IndiaMay 2026x2Anarock X IMAGES GroupxIndias retail real estate sector is undergoing a decisive transformation,emerging as one of the most resilient and institutionally attractive asset classes within the commercial real estate landscape.As h

2、ighlighted in this report,Grade A/A+retail assets across key metropolitan markets are witnessing historically low vacancy levels of 02%,alongside sustained rental growth of 610%year-on-year in Grade A/A+assets.This performance is further reinforced by a constrained near-term supply pipeline and stro

3、ng occupier demand,creating a favourable environment for asset owners and investors alike.A key trend shaping the sector is the growing maturity of lease structures,with 74%of transactions now following hybrid revenue-linked models and nearly 75%of leases locked in for 37-year tenures.These factors

4、significantly enhance income visibility and stability,positioning retail assets as ideal candidates for Real Estate Investment Trust(REIT)platforms.In this context,we estimate a core institutional investment opportunity of approximately USD 2530 billion across stabilized Grade A retail portfolios in

5、 Indias top cities.Simultaneously,the sector presents a compelling value-add and redevelopment opportunity of 4050 million sq ft,driven by underperforming Grade B/C malls that are witnessing structural obsolescence due to poor planning,sub-optimal tenant mix,and evolving consumer preferences.The ren

6、tal disparity of up to 23x between optimized vanilla retail and anchor-led formats underscores the significant upside potential through repositioning,reconfiguration,and experiential enhancements.Looking ahead,a calibrated development pipelinefocused on high-growth suburban corridorscombined with In