On the sidelines of the event Mr. Shishir Baijal, Chairman and Managing Director said “ I am very pleased to launch our annual flagship retail report – Think India Think Retail 2023. Our report this year is in association with ‘Phygital Retail Convention 2023’ – it is the largest retail convention in India that brings together over 500 top retailers and developers, over 200 speakers and more than 2000 delegates. Each year, for Knight Frank’s retail report, we take a theme and study it thoroughly. This year our focus is on High Streets. Retail is the earliest form of commerce and highstreets are the original home of Retail. Globally, cities are identified by their highstreets – be it Avenue des Champs Elyse in Paris, New Bond Street in London, the 5th Avenue in New York or closer home Orchard Road in Singapore and Causway Bay in Hong Kong. These high streets are one of the main attractions of the city and the brands on these streets a barometer of the city’s worth on a global platform. Indeed, the most well-known highstreets also attract some of the highest rental values. But is rent the only parameter on which highstreets can be rated? To do this, Knight Frank India has conducted extensive on-ground research across top 8 markets of India. I am especially proud to share that this is perhaps one of its kind study by any property consultancy in India that involves our teams visiting every city and evaluating every store physically”
