India’s retail market is expanding, but the format of that expansion is changing. According to leading property consultants such as CBRE and JLL, retail leasing across top Indian cities crossed 8–9 million sq. ft. in 2025, with high streets accounting for a rising share of transactions, often outpacing traditional mall absorption in key micro-markets. At the same time, organised hospitality in top metros continues to report healthy occupancy levels, supported by business travel, domestic tourism and event activity.
