Phoenix Mills targets over 18 million sq ft by 2030

Pipeline includes Kolkata and Surat projects, Palladium Mumbai expansion wing, extra F&B floor in Bengaluru, plus Chandigarh, Thane and Coimbatore assets. Mature malls are being churned: nearly 3 lakh sq ft refreshed in Pune and Bengaluru for premium and flagship brands.

Retailers gain larger, upgraded boxes and longer brand waitlists. At Palladium Mumbai store count is set to nearly double from 300 toward 600. Trading densities at older assets have climbed from around ₹2,000 to over ₹3,000 per sq ft in strong categories such as gold, watches and fashion.

We are currently about 11.5 million square feet in retail. If we add all the assets under construction and expansions, it will go over 18 million square feet.

F&B share is being lifted to 15-16 per cent of mall space; entertainment pods of 20,000-25,000 sq ft extend dwell time. International names including Bershka, Apple and IKEA have opened first India stores inside the portfolio, squeezing smaller landlords for quality tenants.

Watch Palladium Mumbai wing progress and Indore rebrand (Phoenix Pride of India) through FY27. Festive footfalls will test whether the experience upgrades convert into sustained retailer sales growth.