Retail sector records strongest H1 leasing in 5 years as luxury brands look to make a mark in India

India's retail sector is booming, with 3.1 million sqft leased across 8 cities in H1 2024, a five-year high. International luxury brands, including Maison Margiela and Time Vallée, entered the market. Fashion, apparel, entertainment, and homeware sectors drive leasing. Tier-II cities also see significant activity. Future growth is expected from new investment-grade malls.
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