Entertainment segment leasing witnesses 179% Y-o-Y growth in 2023
There would also be continued expansion of luxury retail brands across the country, reaching beyond Tier I cities to tap into Tier II locations in 2024
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There would also be continued expansion of luxury retail brands across the country, reaching beyond Tier I cities to tap into Tier II locations in 2024
There has been a 179 per cent annual surge in entertainment segment leasing of retail spaces across 7 Indian cities in 2023 to 0.66 million square feet, from 0.24 million square feet in the previous year, real estate consultant CBRE said in a statement on Tuesday.
business reporter the entertainment segment, which includes cinemas and gaming zones, has taken on lease 0.66 million square feet of retail spaces in 2023 in shopping malls and high-streets across seven
Analysts attribute this rise to a rise in people’s increasing preference for shared experiences and a greater proclivity to indulge in leisure activities.
“This amusement park adds to the wide retail and hospitality offerings that make it a one-stop destination for family outings and community bonding,” said Auric Groups Director Sandeep Aggarwal.