trajectory since 2019, underpinned by a robust 14% Y-o-Y growth in 2025 1. This momentum is expected to continue through 2026, retail footprint. With a healthy pipeline of investment-grade malls set to become operational in major cities, including Delhi-NCR, Hyderabad, and Kolkata, supply addition is expected to remain robust. This pipeline is projected to strengthen further during 2027-28, with more than 50-55%2 of upcoming supply over the next 800,000 sq. ft). Key developers, such as Bharti Realty, DLF, Prestige, Phoenix Mills and SPR Group, are expected to dominate the supply landscape during this period. As the Indian retail market scales towards a projected USD 1.93 global growth trajectories, the sector is poised for a period of segment. However, while supply addition and high-street maturity have improved in recent years, sustained growth remains inventory. Notably,the current market environment presents a mallspaces that align with evolving occupier demand. Ultimately, 1:Winning Codes for Retail2035: Capturing theUSD 200 Trilion Prize,BCG, Retailers Association of India, February 2026; 2. CBRE Research, Q12026