Lucknow's retail sector is thriving with opportunities.
Year 2018 is the most significant one for India in the retail sector. With 100% FDI and numerous positive economic indicators, retail is creating a huge demand of quality retail space. As the sector expands rapidly, the real estate infrastructure required to support that growth will see a healthy demand across the country - especially in tier II cities like Lucknow.
Availability of land at cheaper prices.
Rising income and disposable incomes.
Huge aspirational middle income population
Central government designated Smart City
Modern retail market size growing at 32%
International air routes connectivity
Retail Trends and Highlights
- Lucknow ranked #2 amongst emerging destinations
- High demand for retail space in Tier II and Tier III cities
- Over $640M invested in Tier II cities in commercial real estate in 2017
- Global REITs & Private Equity Firms investing aggressively in retail and Tier II cities
You heard from us.
Now hear from the experts.
"The presence of popular high streets across Tier II locations such as Chandigarh, Lucknow and Bhubaneswar is playing out its own dynamics in the retail world."
Ramesh Nair
CEO & Country Head JLL, India
"We’re the world’s fastest growing major market, and populated by demanding, aspirational, globally-connected, and ‘living-for-the-now’ consumers."
Govind Shrikhande
Ex-Chairman, Shoppers Stop.
"In this always-on digital age, retailers must create the best experience to meet consumers’ needs and capture their hearts, minds and their wallets.”
Amitabh Taneja
Chief Convenor, India Retail Forum
Copyright @2018. All rights reserved.