Bengaluru mall completions to near one million sq ft by 2026

Bengaluru malls to add 0.9M sq ft by 2026; strong demand, steady leasing, rentals up 2%, values up 3%, boosting city’s retail growth

Bengaluru’s retail real estate market is poised for expansion, with nearly 0.9 million square feet of new mall space expected to be completed by the end of 2026. The upcoming supply is anticipated to ease pent‑up demand from retailers and shoppers, reinforcing the city’s position as one of India’s most dynamic retail hubs.

Despite strong consumer appetite, retail space uptake has slowed in recent quarters due to limited availability in premier malls and the absence of fresh supply additions across the city. Leasing activity in Q3 2025 was driven by international and domestic brands such as Zecode, Lego, Victoria’s Secret, Foot Locker, Coyu, and Coach New York, highlighting Bengaluru’s continued appeal to global retailers.

Also Read: India clinches historic first Squash World Cup gold; PM Modi congratulates

High street retail remains vibrant, supported by strong demand in fashion, food and beverages, and jewellery. Leading tenants including Joyalukkas, Westside, Antera, Chin Lung, Tanishq, and Highlander have secured space, underscoring the resilience of this segment.

Mall inventory stood steady at 14.5 million square feet in Q3 2025, with no new completions during the quarter. Brigade Cornerstone Utopia Mall is expected to begin operations in the Suburbs submarket by year‑end, while 2026 will see significant expansion with the launch of SBR Lucky Mall and the enlargement of Phoenix Market City.

Rental rates in Bengaluru’s malls are projected to rise by 1.5–2% by the close of 2025, while capital values are expected to grow at an annual pace of 2.5–3%. Investor confidence and robust leasing activity continue to support the city’s retail property market outlook.

Also Read: Bengaluru airport emerges as Digi Yatra’s national leader