60% of restaurants in Delhi, Mumbai, Bengaluru on high streets: CBRE
Almost 60 per cent of restaurants in Delhi-NCR, Mumbai and Bengaluru are located on high-street markets due to limited supply of quality space in malls and scope for organic expansion, according to a survey by property consultant CBRE.
Nearly 82 per cent of the restaurants in these three cities are domestic standalone outlet/chains, while the remaining 18 per cent restaurants being of international origin.
“Indian cuisine still dominates the country’s taste palette with a 24 per cent share, followed by multi-cuisine with a 22 per cent share,” CBRE survey found out.
These are the main findings of CBRE India’s survey conducted among more than 1,200 restaurants in key locations of Delhi NCR, Mumbai and Bangalore.The survey was conducted to get a better insight into the operation dynamics of these food and beverage (F&B) operators.
“Increasing globalisation, growing exposure to international trends and cuisines have led to India’s food and beverage segment going through a transformation in recent years. This evolution is positively impacting the real estate sector as well with allocation for restaurant spaces going up in high streets and organised retail developments,” said Anshuman Magazine, Chairman, India and South East Asia, CBRE.