K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

Demand for retail real estate is growing but companies in the sector believe that is largely the result of a K-shaped economic recovery and they want consumption to widen, according to experts.

The demand for retail real estate in India’s top eight cities last year touched a record high of 7.1 million square feet (sq ft), 47 per cent higher than in 2022, according to data shared by CBRE, a real estate consultancy.

Such demand is building up alongside several global luxury brands, including Maison Margiela, Dockers and Balenciaga, entering the Indian market since Covid-19 hit the