New mall addition slows down despite rise in net absorption across India

Among the top seven cities, the metros of Mumbai and Delhi saw a substantial fall in new mall completions

Even as net absorption in retail malls across the country is rising, rate of new mall addition has slowed down in the first half of the calendar year 2018. According to real estate consulting firms, while vacancy levels will continue to fall, the industry is likely to see some consolidation with developers opting for only large format retail destinations amidst rising e-commerce penetration.

The latest H1 (first half) 2018 report by JLL India has pegged the growth in net absorption of retail malls by over 75 per cent on a year-on-year (Y-o-Y) basis as compared to H1 of 2017. Net