According to Knight Frank India’s research report Lucknow has the highest gross leasable area (GLA) of shopping centres across the 21 Tier 2 cities in the country. Recently, Knight Frank India conducted a primary survey of 340 shopping centres across 29 Indian cities, including 21 Tier 2 cities such as Lucknow.
According to the key findings of our survey, the GLA of the shopping centres in the city admeasured 5.7 mn sq. ft, outstripping the operational shopping centre stock of cities such as Kolkata and Ahmedabad as of 2023. In 2023, Lucknow contributed 5% to the total 125.1 million sq ft of shopping centre stock across these 29 cities. Additionally, Lucknow also ranked 7th in terms of gross leasable area of shopping centre stock in the country.
Looking specifically at the 21 Tier 2 cities, Lucknow accounted for an impressive 18.4% share of the total 30.8 mn sq ft of GLA across these cities in India.
According to Knight Frank Lucknow has achieved a notable shopping Centre density of 1,439 sq ft in 2023. The operational shopping centres in the city host more than 580 retail outlets, half of which are of Indian origin, while those of international origin trail closely.
Abhishek Sharma, Senior Director - Retail Agency, Knight Frank India said, “As the capital of UP, Lucknow plays a key role in driving the state’s economic activities. The city faces increasing demand for retail real estate to serve its growing aspirational population Lucknow's notably high shopping centre density highlights its strong commercial infrastructure, effectively meeting urban needs.”
