Malls

Retailers shrug off winter chill to see double-digit growth in yr-end sales

Footfalls have also witnessed an increase at both malls and retail outlets

Tension builds up between malls, retailers over proposed rental changes

Malls usually sign 9-year agreements with retailers with a rental hike of 15 per cent

Pakistan plans to shut malls, markets early in a bid to save power

Khawaja Asif told journalists the Cabinet-approved measures to shut markets, including restaurants, aimed to save the cash-strapped country about 62 billion Pakistani rupees ($273 million)

New assets, expansion to drive growth for mall firm Phoenix Mills

Brokerages expect double digit earnings growth over the next three years

Retail firm Lulu Group signs deal to open 6 shopping malls, 1 hotel in UP

The Uttar Pradesh government has signed a memorandum of understanding (MoU) with hypermarket and retail giant Lulu Group to set up six shopping malls and one hotel in the state

Offline, online sales soar as shoppers clamour for best Black Friday deals

Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India

Brands warm up to made-in-China Singles' Day; malls see rise in footfall

Online players like Nykaa, Tata Cliq have also offered discounts on the back of Singles' Day Sale

Macrotech Developers looking to sell mall, office space: MD Abhishek Lodha

Realty firm Macrotech Developers plans to sell a shopping mall near Mumbai and 1.5-2 lakh square feet office space by March as part of the company's strategy to monetise non-core assets, its MD and CEO Abhishek Lodha said. He did not disclose the deal value of these 6.5-7 lakh square feet of commercial space. But, market sources said the value of these assets could be around Rs 800 crore. Mumbai-based Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making entry into Bengaluru market with one housing project. In an interview with PTI, Lodha sounded bullish on growth potential of India's primary residential market and highlighted that demand has been strong despite rise in interest rates on home loans following the RBI's move to hike repo rate by 190 basis points since May this year. During April-Septembe

Phones, watches, cameras: Diwali gift shopping is back with a bang

Two years of pandemic gloom appear over as e-commerce websites and malls report people splurging and bring them business

Lulu Group to invest Rs 3k cr to set up India's biggest mall at Ahmedabad

UAE-based billionaire Yussuf Ali's Lulu Group International is entering Gujarat, where it would invest Rs 3,000 crore to set up India's biggest shopping mall at Ahmedabad, a company official said. The construction of the Rs 3,000-crore shopping mall, which would have all modern facilities, will start early next year, said Lulu Group Director of Marketing and Communications V Nandakumar. This would be Lulu Group's third shopping mall in the country after Kochi, (Kerala) and Lucknow (Uttar Pradesh), and provide direct employment to 6,000 people and indirect employment to over 12,000 in the state, he added. Confirming the development, Nandakumar told PTI: "Discussions to acquire the land to construct this project are in the final stages and the foundation stone of this mega shopping mall will be laid early next year." The Ahmedabad-based shopping mall will have over 300 national and international brands, a 3,000-people capacity food court with multi-cuisine restaurants, 15-screen ...

Consumption trends signal strong FY23 for mall operator Phoenix Mills

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies

DLF mulls auction bid for Delhi mall with base price of $366 mn: Report

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall which has a starting auction price of $366 million

India's new mall space set to double in 2022, says Anarock report

In 2021 approximately 5.76 million square feet of retail real estate was created

Republic Day sales draw shoppers out; malls and markets busy

Conversion rate also higher as compared to last year

Third wave might shave 10% off mall revenue this fiscal, says report

The impact of new restrictions on malls for the top-eight cities is expected to last only four-five weeks

Local malls to become a 6G-enabled network reality by 2030: Ericsson study

A mix of connectivity-enabled tech, integrated into the real world to enhance shopping experiences, is seen as a common element of everyday life in 2030 by most of the current early digital adopters

IKEA malls business to invest Rs 7,000 cr in India, says top executive

IKEA's malls business said it was building two centres in Gurugram and Noida

IKEA's malls business to build first shopping centre in India in Gurugram

Managing Director Cindy Andersen says company expected to complete the centre, which will besides an IKEA store also house office space, in late 2025

Traders' body asks DDMA to allow malls, markets to operate till 10 pm

The Chamber of Trade and Industry (CTI) on Saturday demanded that the closing time of malls and markets in the national capital should be extended from the present 8 pm to 10 pm.

Maharashtra malls shut as govt remains firm on staff vaccination

Under the state govt rules, even customers need to be fully vaccinated