Selecting the right retail space in Delhi-NCR can significantly impact your business’s footfall, revenue, and brand positioning. Whether you’re opening a luxury boutique, a café, or a flagship store, these five critical factors will help you make an informed decision.
1. Location & Footfall Potential
Why It Matters
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High-visibility areas (e.g., Khan Market, DLF Galleria) attract premium customers.
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Proximity to metro stations, parking, and anchor stores (like Zara or Starbucks) increases walk-ins.
What to Verify
✔ Peak vs. Off-Peak Traffic – Visit at different times to assess real footfall.
✔ Competitor & Complementary Brands Nearby – Avoid oversaturated markets.
Tip: Use Google Maps’ “Popular Times” feature to analyze foot traffic trends.
2. Lease Terms & Flexibility
Critical Clauses to Review
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Lock-in Period (Typical: 3–5 years) – Can you exit early?
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Rent Escalation (Usually 5–10% yearly) – Negotiate caps.
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Maintenance Charges – Clarify what’s included (security, cleaning, etc.).
Red Flags
❌ Hidden costs like “common area fees.”
❌ Restrictive signage policies.
Expert Advice: “Always get an exit clause for unforeseen circumstances.”
3. Store Layout & Infrastructure
Must-Have Features
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Frontage Width – Wider entrances attract more attention.
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Ceiling Height – Essential for luxury displays (min. 12 ft).
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Power Backup – Critical for malls/high-street stores.
Ask the Landlord
✔ Are modifications allowed (false ceilings, lighting changes)?
✔ Is there adequate loading/unloading access?
4. Legal & Compliance
Documents to Verify
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Occupancy Certificate (OC) – Ensures the building is legally usable.
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Fire NOC – Mandatory for malls and high-rises.
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Municipal Licenses – Check if the property is zoned for retail.
Warning: Avoid properties with pending litigation or unclear titles.
5. Future Growth Potential
Signs of a High-Growth Location
📈 Upcoming Infrastructure – Metro expansions, new highways.
🏗️ Planned Developments – Malls, offices, or residential projects nearby.
Case Study: A homegrown brand saw 40% higher sales after leasing in Aerocity pre-airport expansion.
Bonus: Virtual Tour Checklist
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Test mobile network strength inside the store.
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Check natural lighting (crucial for apparel/food outlets).
Need Expert Help?
Upstate’s retail specialists analyze 50+ data points—from footfall analytics to lease negotiations—to find your ideal space.
