Transit retail to grow to US$ 21.6 billion by 2030: Report
A recent Knight Frank India report has shown that transit retail opportunity is estimated to grow to US$ 21.6 billion by 2030, while private operators are expected to see lease rental opportunity of US$ 3.2 billion by then. This growth is driven by a healthy growth in passenger traffic and transport infrastructure. Further, the government could potentially monetize these transit – oriented retail assets to generate funding to the tune of $10 billion.
Experts are of the opinion that this will open a new revenue stream for future infrastructure developments. “India is going through an infrastructure revolution. The government’s focus on developing and modernising the transport modes including airports, railway stations, metro and highways is opening up unprecedented opportunities for the organised retail segment in India,” opined Shishir Baijal, Chairman and Managing Director, Knight Frank India.