Page 77 - Images Retail January 2018

EXPERT SPEAK

Nagar and Adyar are equally
preferred and experience
high leasing activities due to
the limited number of quality
mall developments currently
present in the city.
Hyderabad
Th ere has been a steady
supply of organised retail
real estate in Hyderabad.
Over the next 3-4 years, 3.96
million square feet of mall
supply is expected to be
added. Mantra Mall at Attapur
became operational in 2017.
As the offi ce and residential
sectors are witnessing healthy

BENGALURU

16.00 14.22 14.82
14.00 18.02 1.20 0.60
12.00 10.31 10.78 2.24
Million sq ft 8.00 5.04 2.3 8.06 1.25 13.02 14.22

0.48
10.00
7.34 1.72
6.00
3.26 1.8 5.04
4.00
1.23 1.77 2.82 0.63 3.26 7.34 10.31 10.78
2.00 0.58 0.54 0.85 2.82 8.06
0.00 0.86 1.23 1.77
2005 2006 2007 2008 2010 2011 2012 2016 2017 2018 2019 2020
Stock Supply
Bengaluru growth, retail in Hyderabad
CHENNAI Bengaluru will have a stock of is also eliciting renewed
10.7 million square feet by end interest by mall developers.
8.00 6.93
7.00 of 2017, and this is expected to Th e supply pipeline in the
5.63 1.3
6.00 5.13 0.5 rise to 14.8 million square feet city looks promising, and
Million sq ft 4.00 2.72 2.88 3.03 2.1 5.13 5.63 mall addition in Bengaluru are expected to be developed

some superior grade malls
by 2020. In H1 2017, a major
5.00
was GT Mall at Magadi Road,
in next few years. Hyderabad
0.15
3.00
0.17
2.00
1.13 1.28 1.71 1.00 2.88 3.03 adding 0.30 million square works equally well for strong
0.44
1.71
1.00 0.44 0.15 2.71 feet to the mall supply in the local brands as well as
0.69 1.13 1.28
0.00
2006 2007 2009 2010 2011 2012 2013 2017 2018 city. Meanwhile, the major national and international
Stock Supply high streets of Bengaluru retailers.
Brigade Road, Commercial L&T Metro Rail is a
Street and Indiranagar – developing transit-oriented
HYDERABAD continue to see sustained retail development at the
demand from retailers. Metro rail depots in the city.
8.00 7.05 7.55
7.00 6.5 0.55 0.5 Two of these metro mall
6.00 2.91 Chennai developments will become
Million sq ft 4.00 2.62 2.9 3.02 0.58 6.5 7.05 square feet of retail space as of few months. Hyderabad’s

operational within the next
Chennai has 5.13 million
5.00
3.6
major high streets Begumpet,
2017, and around 1.3 million
3.00
0.12
2.00
0.35
0.36 1.39 1.74 0.88 0.28 2.9 3.02 3.6 square feet of fresh supply Banjara Hills, Himayath Nagar
1.00 0.21 1.03 1.39 1.74 2.62 is expected to be added and Jubilee Hills continue to
0.00 0.15 0.36
2006 2009 2013 2014 2015 2016 2017 2018 2019 2020 in 2018. Th e city’s major maintain the attractiveness to
Stock Supply high streets T Nagar, Anna retailers and shoppers.
JANUARY 2018 | IMAGES RETAIL | 77