representative imagenew delhi retail sales in shopping malls across top eight cities are expected to grow 29 per cent annually to reach usd 39 billion by 202728 fiscal on consumption growth and opening of new malls according to a property consultant knight frank on tuesday released a report think india think retail 2022 reinventing indian shopping malls at a webinar the organised retail sales volume in the top 8 indian cities is estimated to grow at a cagr of 17 per cent from usd 52 billion in fy 2022 to usd 136 billion by fy 2028 the report said in the same period the consultant said that the potential retail sales in indian malls are estimated to grow at a cagr compound annual growth rate of 29 per cent in the fy202228 period reaching usd 39 billion by fy2028 advt retail sales in malls across the top 8 cities mumbai national capital region ncr bengaluru hyderabad chennai pune kolkata and ahmedabad grew at a cagr of about 3 per cent to reach usd 8 billion in fy2022 in fy2023 the potential consumption in malls is estimated to surpass the precovid19 levels to reach usd 11 billion vivek rathi director research of knight frank india said that fresh supply of retail space in malls is estimated at 5055 million square feet in the next six years and this will drive growth in sales at shopping centres he said the economic growth and increase in organised retail consumption have also been taken into account at the end of the first six months of 2022 calendar year knight frank said the total mall stock stood at 86 million square metre 929 million square feet spread across 271 operational malls in the top eight markets an incremental supply of 155 million square feet was added between january 2020 and june 2022 despite the disruption of the pandemic the consultant opined pti published on sep 13 2022 at 0330 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app shopping malls vivek rathi knight frank cagr retail sales homenewsindustryretail sales in shopping malls to grow 29 annually to reach 39 billion by fy28 report