Udaipur, the City of Lakes, is witnessing a strong upswing in commercial leasing activity, especially around its iconic City Palace area. Retail spaces here have seen a 12% increase in leasing demand, reflecting growing interest from brands aiming to tap into both tourism and local purchasing power.

The average monthly rentals in this prime heritage zone now range between ₹60–90 per sq ft, with boutique showrooms, handicraft outlets, cafes, and lifestyle brands dominating the lease agreements. The rising footfall of domestic and international tourists, coupled with the city’s expanding road and rail connectivity, is driving this momentum.

Retailers are particularly attracted to the City Palace vicinity due to its cultural charm, scenic backdrop, and consistent tourist traffic. Moreover, several ongoing urban beautification projects and smart city initiatives are further enhancing investor confidence.

Experts believe this trend highlights a broader shift in Tier-2 cities where heritage and hospitality converge, creating fertile ground for retail expansion. As Udaipur continues to blend tradition with commerce, its commercial realty market stands poised for sustained growth.