Knight Frank – Think India Think Retail, 2024

The report from Knight Frank provides an in-depth analysis of the retail sector in India, covering 29 cities, 340 shopping centres, and 58 high streets. It showcases the evolving dynamics of the retail industry, with a focus on the potential of Tier 2 cities. These cities have seen a rise in organised retail formats, attracting both shoppers and institutional investors. The report highlights the construction of contemporary shopping centres and modernization of infrastructure in Tier 2 cities, as well as the influx of retailers on high streets. Knight Frank has expanded its survey coverage to include 21 Tier 2 cities, in addition to the top 8 markets. The selection of cities is based on economic and demographic factors, ensuring a comprehensive overview of the retail landscape in India. Overall, the report offers valuable insights into the growth and development of the retail sector across different cities in the country.