mumbai emerging asian markets still dominate the global development pipeline of shopping centres with nearly 39 million sq m of projects under construction of this total upcoming supply of new shopping space new delhi and bangalore account for approximately 500000 sq m and 370000 sq m respectively said a cbre report global shopping centre development global shopping centre development continues to grow with a total of 114 million sq m of new shopping centre space becoming operational in 2014 in comparison to 106 million sq m in 2013 it said new retail development across the asia pacific meanwhile is spread over 32 million sq m and distributed over 36 citieswith over 80 of this fresh retail space being situated in china thailand and india of this total completed shopping centre space hyderabad contributed around 84000 sq m with a further 39 million sq m under construction emerging markets particularly in asia are continuing to dominate the upcoming supply of shopping centres around the world said the cbre report china accounts for over 60 per cent of this supply pipeline while thailand russia turkey and india also have significant space under construction new delhi has well over 500000 sq m of organized shopping space under construction while bangalore has close to about 370000 sq m in the pipeline said anshuman magazine chairman and managing director of cbre south asia the supply of new development in india and china however is at risk of slowing down due to the economy and mounting financial pressures on landlords construction of some shopping centres is on hold either due to the lack of funding or because of landlords considering changing projects to other uses in some cases the pipeline of shopping center space under construction continues to grow globally with china remaining by far the most active market in terms of delivery of new space as well as for pipeline of new projects emerging markets particularly in asia remain highly active the factors driving the pipeline of new shopping center space remain unchangeda growing middle class population in emerging markets the urbanization of large cities and a lack of high quality retail space of the type demanded by cross border retailers