{"id":4980,"date":"2022-10-31T12:58:00","date_gmt":"2022-10-31T12:58:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=4980"},"modified":"2022-11-09T08:54:02","modified_gmt":"2022-11-09T08:54:02","slug":"retail-penetration-in-india-has-a-lot-of-catch-up-to-do-according-to-cushman-wakefield-analysis","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/retail-penetration-in-india-has-a-lot-of-catch-up-to-do-according-to-cushman-wakefield-analysis\/","title":{"rendered":"Retail penetration in India has a lot of catch-up to do, according to Cushman &amp; Wakefield analysis"},"content":{"rendered":"\n<p>Written By Faizan Haidar, ET Bureau<\/p>\n\n<p><b>Synopsis<\/b><br>\n&#8220;Physical spaces are built to encourage lifestyle-oriented consumption, moving away from hard sales push. Hence, given the current retail real estate supply, there is a strong likelihood that retail spaces where experiences can be curated will be in short supply even in large cities,&#8221; said Anshul Jain, managing director, India and Southeast Asia.<\/p>\n\n<div class=\"row\"><div class=\"col-sm-4\"><img decoding=\"async\" data-src=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/11\/retail.webp\" class=\"img-fluid lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\"><\/div>\n<div class=\"col-sm-8\"><p>India&#8217;s top three cities will need 9 million square feet of retail space every year till 2027 to reach the level of organised retail area available in a country to match cities of a small country like Vietnam&#8217;s retail space per capita (RSPC), according to an analysis by Cushman &amp; Wakefield. Currently India adds about 3.8 million sq ft of retail area every year with developers mostly focusing on office and residential assets.<\/p><\/div><\/div>\n<p><\/p>\n<p>Source: <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/property-\/-cstruction\/retail-penetration-in-india-has-a-lot-of-catch-up-to-do-according-to-cushman-wakefield-analysis\/articleshow\/95214467.cms\" target=\"_blank\" rel=\"noopener\">economictimes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written By Faizan Haidar, ET Bureau Synopsis &#8220;Physical spaces are built to encourage lifestyle-oriented consumption, moving away from hard sales push. Hence, given the current retail real estate supply, there is a strong likelihood that retail spaces where experiences can be curated will be in short supply even in large cities,&#8221; said Anshul Jain, managing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-4980","post","type-post","status-publish","format-standard","hentry","category-press-quotes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail penetration in India has a lot of catch-up to do, according to Cushman &amp; Wakefield analysis - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/retail-penetration-in-india-has-a-lot-of-catch-up-to-do-according-to-cushman-wakefield-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail penetration in India has a lot of catch-up to do, according to Cushman &amp; Wakefield analysis - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"Written By Faizan Haidar, ET Bureau Synopsis &#8220;Physical spaces are built to encourage lifestyle-oriented consumption, moving away from hard sales push. 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