Retail in Asia

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Construction delays hit India’s Hyderabad retail market

The retail market of the Indian city of Hyderabad is marred with inordinate construction delays. In spite of enjoying the lowest mall vacancy in all cities, no mall supply has commenced since 2010. Rental values have remained stable but with an upward bias given the fact that any lease worthy place will command a premium should such a space is freed up, according to Jaideep Wahi, director of retail agency, Cushman & Wakefield India (CWI).

In the latest report released by CWI, Hyderabad recorded the lowest mall vacancy of 1.1 percent in the country, while no new mall supply was witnessed in the quarter.