<\/a>Vacancy is higher in average or poor grade malls in India<\/p>\nHigher vacancy rates in NCR Delhi and Mumbai are due to poor occupancy or very high\u00a0 vacancy rates in average and poor grade malls. A lower vacancy rate in superior grade malls compared to average and poor grade malls indicates an underlying trend of consumers increasingly favouring good-quality malls that offer better lifestyle and entertainment\u00a0 facilities<\/p>\n
Key Takeaways<\/strong><\/p>\n\n- Amongst emerging retail cities of Asia, Indian cities suffer from highest vacancy rate<\/li>\n
- As of 2013, all cities witness a rise in Market Potential, while few have also gained in Maturity<\/li>\n
- Improving infrastructure, in-migration of working-age population, quality mall space availability are key drivers\u00a0 for lucrative markets<\/li>\n
- Increasing migration of people, rise in commercial activities, good infrastructure, and rising per-capita income act in favour of Ahmedabad and Chandigarh and make them the most promising destination for retail, both in terms of Market Potential and Retail Maturity.<\/li>\n
- Rising Consumerism \u2192 High level of growth<\/li>\n
- Improving infrastructure, in-migration of working-age population, quality mall space availability are key drivers\u00a0 for lucrative markets<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
A Comparison and Contrast with the Emerging Cities of Asia \u201c NCR-Delhi and Mumbai continue to remain lucrative markets\u201d \u2013 Shubhranshu Pani, Joint MD – Retail, JLL RAI JLL Report \u201cRetail Realty in India: Evolution & Potential\u201d explains the trends… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[46,31,68,67],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/posts\/1788"}],"collection":[{"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/comments?post=1788"}],"version-history":[{"count":21,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/posts\/1788\/revisions"}],"predecessor-version":[{"id":1958,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/posts\/1788\/revisions\/1958"}],"wp:attachment":[{"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/media?parent=1788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/categories?post=1788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.rai.net.in\/wp-json\/wp\/v2\/tags?post=1788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}