High-street rentals continue to outpace those of malls, as retailers focus on prime locations and are willing to pay a premium for visibility. Between 2021 and 2025, rental values on prime high street have grown 7-15 per cent annually, driven by strong consumption density and limited new supply, even outpacing grade A malls, which grew by 5-8 per cent, according to Anarock.
Leasing of retail space in shopping malls and high streets across India's top eight cities is estimated to rise 15 per cent to nearly 9 million sq ft this year on increased supply amid high demand from retailers, according to Cushman & Wakefield. The leasing of retail spaces stood at 7.8 million sq ft in 2024.
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Leasing of retail space in shopping malls and prominent high streets dropped 1 per cent to 1.63 million square feet during July-September across top eight cities, according to Cushman & Wakefield. The leasing stood at 1.63 million square feet in the year-ago period. Real estate consultant Cushman & Wakefield on Thursday released its Q3-2024 'Retail MarketBeat' report, which highlighted a sustained momentum across India's main streets, leading retail growth across the top 8 cities.
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Offline retailers are feeling the Omicron January chill as consumers are apprehensive about venturing out in the midst of rising Covid cases across the country. Covid restrictions, as well as concerns over the new virus variant, are seeing shoppers pull back from the high streets and shopping malls, clearly cautious about streaming into stores and choosing to self-censor instead. Offline retailers' hopes of a bumper End-Of-Season Sale (EOSS) and Republic Day (R-Day) Sale to compensate for losses over the pandemic have been dashed. Fewer trips to malls mean lower footfall and sales, resulting in higher piling of stock - and possibly higher discounts.
Retailers will have to shell out more money to set up shops at India's high streets as rentals have gone up considerably, led by Khan Market in New Delhi, which is now the 21st most expensive location in the world.
Locations in Bangalore, Mumbai register over 50 per cent increase.
HUL has achieved few milestones in the fiscal gone by and hence is performing good on revenues front.
The Metropolitan police said the girl was inside a restaurant in the Kingsland High Street area of Hackney having dinner with her family when the shooting occurred on Wednesday night.
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A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
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The incident goes back to last month when Sunak made a quick visit to his hometown of Southampton to launch a new government scheme for the state-funded National Health Service (NHS) to expand the role of high street pharmacies.
The grenade exploded by the roadside without causing any damage.
The injured were rushed to the Shri Maharaja Hari Singh hospital, where a civilian succumbed to his injuries, the official added.
The television actor's off-screen style moments are as noteworthy as her costumes on-screen.
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As part of the Mission Begin Again initiative in Maharashtra, malls and market complexes without theatres, food courts and restaurants will be operational between 9 am and 7 pm from August 5.
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The terrorist killed in Srinagar was a relative of one of the accused in the February 2019 suicide attack in Pulwama's Lethpora, in which 40 Central Reserve Police Force (CRPF) personnel lost their lives.
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Consultants who help lease these properties say this is the steepest decline at least in a decade.
Terrorists hurled a grenade in Hari Singh High Street market area -- a few hundred metres from the city centre Lal Chowk.
Rahul knew this was coming. That 'dirt' would be dug up.
The past appears to have interrupted the future of the New Delhi Railway Station (NDLS). With two protected heritage buildings sitting in the way of the plan to redevelop the railway station, officials in the know say the project may end up back on the drawing board since the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, is yet to give its approval. "A nod from NMA is awaited before going into the next phase of bids for the redevelopment of the New Delhi Railway Station," a senior official of the Ministry of Railways told Business Standard. While the Railways ministry is hopeful of getting approvals from the NMA before the end of the current financial year, there is no clarity on this yet.
'Use of the word 'genocide' for Kashmiri Pandits is absolutely wrong.'
The administration -- which has been facing flak on the issue with the Editors Guild of India terming the events a 'coup' and a continuing trend to smother press freedom -- cited 'unpleasant developments and dissensions between various groups of journalists' as the reason for the takeover of the premises in Srinagar's high street Polo Ground area.
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