Experiential Spaces Redefine Indian Urban Culture and Retail Economics
Mohali, May 20, 2026: Malls across India are shifting from retail hubs into lifestyle and social ecosystems centered on entertainment, dining, and community engagement. This transition is highly visible in fast-growing urban hubs like Mohali, where the Airport Road corridor has emerged as a major growth zone driven by premium housing, infrastructure investments, and rising residential density. In cities with limited public infrastructure, integrated mixed-use developments are increasingly acting as community hubs that anchor regional economic growth.
The CP67 project exemplifies this real estate evolution in tier-2 markets. Located on the expanding Airport Road corridor, the mixed-use development features retail, office, and entertainment zones, including over 200 retail outlets and a seven-screen multiplex. This diverse layout reflects changing mall economics; while consumers frequently shop online, physical destinations now rely on food courts, cinemas, and event spaces rather than traditional anchor stores to drive repeat footfall and extended visitor engagement.
This experience-led consumption is accelerated by Mohali’s younger demographic and rising disposable incomes, shifting the evaluation of retail real estate from simple occupancy to community integration.
“Consumer behaviour is shifting from transactional shopping to experience-led engagement. Today, malls are evolving into integrated lifestyle destinations where retail, dining, entertainment and social interaction come together within one ecosystem. At CP67, we have seen how a mixed-use development can contribute beyond retail by creating sustained footfalls, attracting premium brands and strengthening the overall growth of the Airport Road corridor. As Mohali continues to expand, experiential destinations will play an increasingly important role in shaping the city’s urban and social landscape,” said Umang Jindal, CEO of Homeland Group.
