Page 3 - Malls

Top headlines: Tata may sell JLR, UK steel biz, CBDT undergoing facelift

From Tata likely to sell JLR and UK steel operations in UK, Covid-19 drug sales performing well to private train operators allowed to choose halt stations, here are the top news of the day

Malls, retailers begin talks again over rentals as business remains weak

While mall owners gave full, and in some cases, half waivers to retailers on monthly rentals during lockdown months, retailers say this may not be enough

Malls in Mumbai resume operations after four months; rains hinder footfall

Even as torrential rains lashed the city, the malls in Mumbai witnessed 15-20 per cent footfall on Wednesday, on opening after a gap of over four months.

Mall revenues set to halve this financial year due to Covid, says Crisil

The top-10 Crisil-rated malls have a total rated debt of Rs 4,200 cr and a high DSCR of 1.5 times, so impact on their credit quality is likely to be limited in the near term, the agency says

Mall developers blink, rework rent for retailers, offer discounts

Phoenix, Inorbit, Brigade offer waiver, discounts

Start-ups tap technology to get malls, hotels back on track amid Covid fear

Start-up companies are assisting businesses to conform to the government's 'social distancing' norms and insulate their air conditioning systems from the shock of virus

Covid-19 crisis: Malls roll out red carpet but crowds missing on Day One

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

Centre issues SOPs for malls; mandatory thermal screening and face mask

Cinema halls, gaming arcades and children play areas in these establishments will remain closed

Unlock 1.0 kicks in: Hotels, malls, places of worship to open from June 8

With this, the Centre has outlined a plan to reopen nearly all activities outside of containment zones starting Monday.

Lockdown 5.0: In 'exit plan,' positive sign for Metro, malls, restaurants

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

Lockdown 3.0 opens livelihood door; travel by air, rail remains prohibited

Two-week extension allows relaxation for several businesses

Liquor shops to schools: What's open, what's not as India extends lockdown

Districts will be tagged as red, green and orange zones based on severity of coronavirus cases in extended lockdown.

Covid-19 lockdown: Govt allows all local shops to open, but malls excluded

However, the exemptions will not be given in hotspots and containment areas

Fearing NPAs, banks shoot off notices to malls for loan repayment

Banks want tenants to make payment in escrow accounts

Lockdown 2.0: Malls, eateries press reset button amidst Covid crisis

Single shifts, contactless shopping on cards

Tamil Nadu reports second coronavirus case, shuts schools, colleges, malls

All buses and transport vehicles are being checked and sterilising and cleaning activities are also going on full swing

Now malls, pubs can remain open 24/7 in select parts of Mumbai from Jan 26

The areas where these establishments will remain open all night are Fort and Kala Ghoda in south Mumbai and Bandra Kurla Complex in the west

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

DLF reworking strategy to raise food & beverages share to 18-20%

Gurgaon-based luxury malls developer, DLF is planning to focus more on food and beverages and allocate around 20 per cent of space to the dining options across its project offerings, a senior company official said. DLF, which has malls across Delhi, Noida, Gurgaon and Chandigarh, has been allotting nearly 12 per cent of the total space to F&B. "We realised that we need to change our offerings to cater to the millennials who are looking for experiences. If we don't give them that, then retail will also witness slowdown as the footfalls will reduce," DLF Shopping Malls Executive Director and Head Pushpa Bector told PTI on the sidelines of the mapic India IRF. She further said that the company is reworking on its strategies to increase the share of F&B to 18-20 per cent. "From the current set up of 12 per cent, we can easily ramp it up to up to 20 per cent. However, we will not be able to increase it to 30 per cent across our mall offerings, but we are doing it in ..

In real estate, malls catch the fancy of private equity players

This is also because retail, especially malls as a sector, have emerged one of the most favoured asset classes for institutional investors in recent times