• Leading retail brands have closed at least 120+ lease deals at prominent high street markets across the country b/w April 2020 and May 2021
  • Within F&B, quick-service restaurants like Starbucks, Pizza Hut & KFC, apparel and lifestyle brands like Biba, Reliance Trends, Pantaloon, Lenskart, Westside, Zudio and Max, and specialist retailers like Croma and Reliance Digital have expanded to high streets
  • Increasing high street penetration of leading hypermarket & supermarket brands in tier 2 & 3 cities due to high revenue potential; for instance, MORE Retail Ltd. entered UP cities like Agra, Faizabad, Sitapur and Muzaffarnagar

In a calibrated post-pandemic move, leading retail brands across categories are zeroing in on high street markets for expansion across India. Between April 2020 and May 2021, some of these brands closed over 120 lease deals at prominent high street markets across Indian cities and towns.

The deal sizes ranged for areas as low as 400 sq. ft. and went all the way up to 35,000 sq. ft.

Some Quick Service Restaurants (QSRs) within the F&B category (Starbucks, Pizza Hut, KFC,

Average monthly rentals across the major high street retail markets mostly saw corrections across cities. However, there were also few markets that saw an upward trend.
Presently, data indicates that 14 new malls spread over 5.9 mn sq. ft. area will get operational by 2021-end across Indian cities, and fit-outs are underway in at least 10 of them.
essential goods will fuel Indian retail industry’s growth in the coming quarters as consumer expenditure continues to remain focused on essentials—particularly food and grocery—reveals the latest report by ANAROCK & Retailers Association of India (RAI) titled ‘Indian Retail – Certainty Despite Headwinds’