Indiranagar's 100 feet road leads Asia Pacific in retail rental growth: Report

Bengaluru’s Indiranagar has earned global recognition, with its 100 Feet Road topping the retail rental growth charts in the Asia Pacific region for 2024, according to Cushman & Wakefield’s Main Streets Across the World report. The area recorded a remarkable 32% year-on-year (YOY) increase in rental rates, positioning it as the highest-growing high street in the region.

Also Read: Bengaluru’s residential market sees price drop, majority of sales under Rs 1 crore

This surge reflects the broader strength of India’s economy, which has driven a significant rise in retail rents across the country. Other locations like MG Road in Pune, Anna Nagar in Chennai, and Park Street in Kolkata saw more modest increases of over 10%, with India’s average retail rental growth at 9% YOY.

Indiranagar’s 100 Feet Road now commands an average rental of Rs 330 per square foot per month. While areas like Brigade Road and Vittal Mallya Road in Bengaluru have higher rentals, the 100 Feet Road’s unique tenant mix—featuring luxury boutiques, fine dining, and trendy cafes—has contributed to its rise as a premium retail destination.

The area’s strategic location near tech parks, upscale residences, and metro connectivity further boosts its appeal, reinforcing Indiranagar as one of Asia Pacific’s leading retail hubs.