India’s mall market heads towards larger formats, greater consolidation – FinSiddhi

India’s mall market heads towards larger formats, greater consolidation

The shift towards larger retail assets is also driving greater concentration among leading developers. The top three listed developers currently account for about 14% of operational retail stock in tier 1 markets as of the first half of 2026, a share that could rise to around 21% by 2031, showed JLL assessment.
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