India, April 15 -- Over 70% of the 12.3 million sq ft (msf) of new Grade A mall supply expected over the next two years will be a superior grade (Grade A+), marking a significant upgrade in quality and experience across India's upcoming retail infrastructure, according to a report by Cushman and Wakefield.

The report titled Premiumisation of India's Retail Sector - Upscaling, Upgrading and Evolving said that about 8.6 million sq ft of the upcoming mall portfolio will be in the superior grade category.

The superior-grade malls typically owned and operated by reputed developers or institutional investors are characterized by their high occupancy rates (more than 85%), upscale tenant mix, and service-rich environments.

India's total Grade...