India Retail Outlook 2024

As we embark on a new fiscal year, we at CBRE acknowledge the Indian real estate sector's ongoing growth trajectory, a testament to its inherent strength. This resilience positions the market to navigate the macroeconomic headwinds and emerge with continued strength in 2024. Our comprehensive report, the India Retail Outlook 2024, attempts to delve into the intricacies of the current market landscape and unveil the projected course of the sector in the upcoming quarters.

Our key projections for 2024: 

• Leveraging the positive momentum of 2023, India's retail sector is poised for further growth in 2024, fuelled by robust consumer demand and the completion of new shopping malls in key metropolitan centres. Anticipation of cautious optimism among both retailers and consumers suggests continued expansion within tier-I cities, while several tier-II markets are expected to emerge as attractive destinations for retail development.

• Notably, the evolution of shopping malls into experiential hubs that integrate entertainment, dining, and dynamic shopping experiences is shaping the future of the industry.

To delve deeper into our projections, click on the download button.