Page 2 - Malls In India

Mall owners, retailers fail to agree over contentious issues amid lockdown

Developers, such as DLF and Phoenix Mills, say the force majeure clause, which retailers have indicated they would apply, in case there was a complete breakdown in talks

Premium purveyors see a slowdown coming due to coronavirus outbreak

From apparel to cigars, supply chain is a major cause for concern

Indian cities to add 100 new malls by 2022-end, says Anarock MD & CEO

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

Mall developers, investors look to double retail spaces in next two years

Mall developers such as Prestige and VRSA are developing malls as not just malls but experience centres for shoppers

ADIA-backed Lake Shore India Advisory planning to build four malls in India

According to industry experts, Lake Shore will have to spend at least Rs 35 billion on the project

Why the malls are back in business

High-quality malls are popping up across not just in the tier-I cities, but also in tier-II cities