hyderabad recovering steadily from the covid19 aftermath hyderabads retail sector sealed as many as 160 deals between january and september 2021 more than double the business it did during the same period last year better still the size of spaces picked up by brands either inside malls or along the citys high street increased significantly this year as well with many signing up for 20000 square feet sft or more show market reports some of the biggest retail spaces were taken up by leading shopping centres like chennai shopping mall 65000 sft and cmr shopping mall 40000 sft that opened new outlets in kukatpally and nizampet respectively others that contributed to hyderabads retail recovery story include supermarkets apparel chains and electronics brands that hyderabads retail sector has witnessed complete recovery is evident from the frenzy in malls and high streets the footfalls have been restored as parking spots are full said pankaj renjhen coo and joint managing director of anarock retail according his estimates the city has close to four million sft of mall space under development expected to be ready in the next two years its current mall stock is about 11 million sft reason for this uptick a booming it sector coupled with the rapid growth of manufacturing and pharma industries thats made it the city of choice especially the young say business houses that real estate prices here are moderately better than other metro cities adds to its advantage and positions hyderabad as one of the fastest growing retail markets said yogesh chaudhary director jaipur rugs thats all set to open its first story in jubilee hillsat present the average leasing rate of retail spaces ranges between rs 120 and rs 150 per sft in some malls along hyderabads it corridor the prices are higher rs 180 to rs 230 per sft the cost along with emergence of newer retail corridors abundance of space options and flexible terms by landlords are also driving the market activity we expect this bullish trend to continue in 2022 as well said veera babu managing director of cushman wakefield hyderabad