Mumbai: India’s premium retail real estate market is witnessing strong demand and shrinking vacancy levels, with the Mumbai Metropolitan Region (MMR) emerging as one of the country’s fastestgrowing retail hubs, according to a report released by ANAROCK Group and Images Group in Mumbai.
Also Watch:
The report mentions that in Mumbai, the Phoenix Palladium and Jio World Drive continue to set benchmarks, with premium monthly mall rents reaching as high as ₹777/sq ft.
As per the report, Grade A/A+ malls in Delhi-NCR and Mumbai are operating at near-full occupancy levels amid rising demand. While Delhi-NCR recorded vacancy levels of just 0-2% across Grade A/A+ malls, Mumbai saw the sharpest rental appreciation in the country, with mall rentals increasing by around 15-20% year-on-year.
To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/
