According to the report, the city boasts an impressive 5.7 million square feet of GLA, surpassing the operational shopping centre stock of major cities like Kolkata and Ahmedabad as of 2023.
This positions Lucknow as a player in the retail real estate sector, contributing 5 per cent to the total 125.1 million square feet of shopping centre stock across 29 surveyed Indian cities.
Knight Frank India's primary survey, which analyzed 340 shopping centres across these cities, including 21 Tier 2 cities, underscores Lucknow's dominance.
The city's GLA represents a substantial 18.4 per cent share of the total 30.8 million square feet across these Tier 2 cities, further highlighting its prominent position in the retail landscape.
This story is from the August 13, 2024 edition of The Business Guardian.
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This story is from the August 13, 2024 edition of The Business Guardian.
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