How is the demand for high-street retail growing in India?

High-street retail in India is experiencing resurgent growth due to premium brand expansions, rising consumer affluence, and historic appeal. Unlike malls that rely on anchor tenants for footfall, high streets benefit from location-based advantages such as dense commercial districts or tourist hotspots.

• Preferred Locations: High streets like Connaught Place (Delhi), Colaba Causeway (Mumbai), and Brigade Road (Bangalore) attract domestic and international retailers for visibility and brand positioning.
• Diverse Foot Traffic: Spontaneous footfall from tourists, office-goers, and local residents leads to higher revenue per sq. ft. than many malls.
• Sustainability & Redevelopment: Urban redevelopment initiatives improve public transport access while enhancing walkability trends in metro cores.

Tier-2 cities like Lucknow (Hazratganj) are also witnessing growth due to rising incomes. Overall, high-street retail remains a robust segment within India's evolving retail landscape due to its blend of historic charm and prime locales.