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Delhi ranked 21st in shopping centre development

Apr 22 2014, 19:02 IST
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Delhi-NCR ranks 21st in the global list of cities with the maximum shopping centre space under construction in 2014, according to property consultant CBRE. Reuters Delhi-NCR ranks 21st in the global list of cities with the maximum shopping centre space under construction in 2014, according to property consultant CBRE. Reuters
SummaryIndia continues to see a wave of new shopping mall development.

our market places. Along with the large-scale urbanisation of our leading cities and a burgeoning middle class population, it is this that has been driving shopping center development forward," he added.

This is the third year that CBRE has measured the level of shopping centre development in the world's 180 major cities. Survey was based on new centres of over 20,000 sq meter and excluded retail warehousing and factory outlet centres.

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