A recent CBRE report reveals that various retail brands have taken up around 37 lakh square feet of space in Hyderabad in the first half of the Current year. About 24 lakh square feet of space has been taken up by many shopping malls and local brands in expensive streets. This number is likely to increase further in the coming days, the report said. Fashion and apparel brands, entertainment, consumer electronics showrooms are among those taking up the space.
Inox Company has taken about fifty thousand square feet of space in Necklace Pride Mall. In this Decathlon is twenty thousand sq.ft. taking up space is noteworthy. In a multiplex in East Hyderabad, Moviemax is 25 thousand sq.ft. took place. Apart from this, many companies have leased space in Kukatpally and Madhapur. With this, the space leased by various companies in the city has reached about 7.7 crore square feet. CBRE Chairman Anshuman Magazine opined that before the end of this year, retail leasing is likely to reach around sixty to sixty five lakhs.
