Malls In India

Brokerages expect double digit earnings growth over the next three years

The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

India's first shopping mall-cum-coworking facility, housing some of the niche retail brands, is expected to be launched in Pune in mid-October, according to Anarock Retail. Situated adjacent to the Pune Airport, the AeroMall, being developed by Pebbles Infra-Tech under the PPP model with AAI, is spread over 4,45,000 sq ft, including 1,30,000 sq ft of leasable space for retail. As sole advisors to the facility, Anarock Retail has designed the complex, managed its development, and crafted its tenant mix, Anarock Retail, the retail services division of the home-grown real estate consultant Anarock, said. The post-pandemic revival in air travel has brought airport retail back centre-stage. However, there continues to be a deficit of quality retail spaces at Indian airports for the best-suited retailers dealing in apparel and fashion, wellness, electronics and travel accessories, F&B, and beauty products, the company said. Airport retail is attractive for retailers due to the ...

Rental income of retail malls is expected to increase by 30 per cent in this financial year compared to the last year mainly driven by pent-up demand, vaccination cover and resumption of multiplexes

Hope rides on durables to draw people back to trading hubs, high streets

Shop timings extended but formal spaces still shut, say industry players

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

As things stand today, 14 new malls spanning 5.9 million sq ft area are likely to complete by 2021-end.

While restaurateurs and gym owners are enthusiastic, retailers expect little respite

The government ignored demands by cinema hall owners for reopening. Theatres, bars, and places of congregation will also remain shut

After lockdown guidelines were relaxed in early June, most states permitted malls and high street retailers to reopen after a gap of more than 70 days

Sales have picked up across the board for clothing, electronics and computers, and specific home accessories.

More than 250 malls were operational on Monday across the country. This is a fraction of the 650 plus large malls in India.

Signs of change are all around - from washrooms to retail outlets. To limit the spread of the virus - now only alternate urinals and wash basins are available with an additional glass partition

The new phase is especially challenging for the five worst-affected states, accounting for nearly 70 per cent of the total confirmed Covid cases and over 78 per cent of Covid deaths in the country.

Malls will reopen on June 8 in most parts of the country barring Mumbai, where the state government has decided against it for now.

Modi noted how India has fared much better than many parts of the world in fighting the pandemic

The new guidelines for the extended lockdown, however, will be comparatively much stricter for 13 worst Covid-19-hit cities

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Disinfectant tunnels are becoming one of the most in-demand commodities in the post-Covid-19 world with malls, offices, banks, shops all lining up to install the structure at their entrances