HY­DER­ABAD

Images Retail - - COVER STORY -

Mar­ket Sum­mary

Retail leas­ing ac­tiv­ity in Hy­der­abad was re­silient dur­ing the first half of 2018, led pri­mar­ily by the open­ing of two new malls by L&T Con­struc­tions as part of their Tran­sit Ori­ented De­vel­op­ment (TOD). The two de­vel­op­ments – L&T Hy­der­abad Next and L&T Next Gal­le­ria – to­gether span about 0.65 mil­lion sq. ft. The high street seg­ment, com­pris­ing lo­ca­tions such as Ban­jara Hills, Gachi­bowli and Kukat­pally, also wit­nessed strong leas­ing ac­tiv­ity. The city wit­nessed the en­try of Amer­i­can fast food retail chain Taco Bell, which opened an out­let in L&T Hy­der­abad Next mall in Pun­jagutta.

Re­tail­ers across cat­e­gories con­tin­ued to lease space in high street lo­ca­tions. Depart­ment Store chain, Cen­tral opened a store at Gachi­bowli, while De­cathlon launched its fifth out­let in the city at L&T Er­ra­manzil. Ap­parel re­tail­ers such as West­side, The Chen­nai Silks and Un­lim­ited con­tin­ued to ex­pand their pres­ence in the city. In the elec­tron­ics seg­ment, Pai Elec­tron­ics con­tin­ued their ex­pan­sion drive by open­ing two more out­lets in Kon­da­pur and Tiru­mala­giri.

In the or­ga­nized retail seg­ment, leas­ing ac­tiv­ity was pri­mar­ily led by the newly op­er­a­tional malls. Ap­parel brands such as Shop­pers Stop, Max, Pan­taloons and Marks & Spencer opened out­lets in L&T Hy­der­abad Next, while mul­ti­plex op­er­a­tor PVR took up space in L&T Next Gal­le­ria.

Rental Trends

Rental val­ues across high streets such as Ju­bilee Hills Road No. 36, Hi­mayat Na­gar wit­nessed an in­crease of about 14-16% and 8-10% re­spec­tively on a half yearly ba­sis ow­ing to in­crease in de­mand from re­tail­ers. However, rentals in Ban­jara Hills road no. 2 re­mained largely sta­ble. Sim­i­larly, rental val­ues in or­ga­nized retail de­vel­op­ments too re­mained pre­dom­i­nantly sta­ble.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.