Retail Malls

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

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

Justice P V Kunhikrishnan, while hearing a plea that the mall was illegally collecting parking fees from customers, however, did not ask the mall to stop the collection

The proceeds will be used to fund the acquisition of Viviana Mall in Thane on Mumbai's outskirts, said a source in the know

Currently, it has 6.9 million (mn) sq. ft of malls in cities such as Mumbai, Pune, and Beng­aluru, among others

But only fully vaccinated to be allowed in malls; Cinema halls, auditoriums and places of worship remain shut

DLF, the country's largest listed developer, has also taken a similar stand.

Night curfew to take away crucial evening business; cinema halls, malls, and restaurants to remain shut between 8 pm and 7 am

As the Holi weekend nears, a stagnation in sales is the last thing that mall owners and operators want.

From Ranganathan Street in T Nagar, Chennai, to Dadar market in Mumbai, there was frenzied shopping during Diwali. But malls have not had such luck

There is something discomfiting about the idea of getting fantastically rich off someone else's misfortune, which is what happens when a "short" trade - or bet against a stock or industry - succeeds

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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

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

Single shifts, contactless shopping on cards

The analyst said since servicing of principal and interest on loans will become challenging for mall operatos in the next couple of months

Despite low consumer spending in recent times, mall developers remain bullish on the growth potential of organised retail as 100 new malls spanning over 49 mn sq.ft. are scheduled to come up across the country by 2022-end, property consultant Anarock said. Of the total new mall supply, the top seven cities alone will see 69 new malls spread over 35.5 mn sq.ft. area. The remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities such as Ahmedabad, Lucknow, Indore, Surat and Nagpur, it said in a statement. Region-wise, west and south Indian cities will see almost equal new supply. West India will get 36 new malls over 17.5 mn sq. ft. area, followed closely by South India with 35 new malls over nearly 17 mn sq. ft. The north region will see a supply of 22 new malls spanning over 11 mn sq. ft. area. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft. "2019 was defined by significantly lower retail leasin

Among the top seven cities, the metros of Mumbai and Delhi saw a substantial fall in new mall completions