Institutional investors bet big on consumption-led growth beyond metros.

Nexus Select Trust Eyes ₹1,300 Cr Guwahati Deal as Tier-2 Retail Attracts Big Capital.

Blackstone-backed Nexus Select Trust is in the final stages of acquiring Galaxy Group’s under-construction mixed-use project in Guwahati for around ₹1,300 crore, underlining rising institutional interest in Tier-2 city retail assets. Spread across 1.2 million sq ft, the asset will include retail, hotel, and office components and is expected to further strengthen Nexus’s portfolio. The move aligns with a broader trend, as Inorbit Malls, part of K Raheja Corp, recently agreed to acquire two malls from Prozone Group in Chhatrapati Sambhaji Nagar and Coimbatore for ₹1,242 crore. Experts note that consumption growth in cities like Lucknow, Indore, Jaipur, and Surat is now outpacing several metro markets, driven by rising incomes, improved infrastructure, and aspiration-led spending. With lower acquisition costs and improving rentals and footfalls, Tier-2 malls—especially experience-led destinations—are emerging as sustainable long-term investment assets.