Interestingly, 52% of consumers are willing to spend more for an engaging experience
Malls also need to transform into community spaces and become prominent 'shoppertainment' locations to draw footfall
E-commerce has had an effect on mall business as online portals offer deep discount
CPPIB's investment could be continuation of the trend the country had seen last year
Mall supply in the next three years (2018-2020) is expected to be at 19.4 million square feet
DLF's Mall of India in Noida saw 220,000 people walking in over the weekend
Developers such as Oberoi Realty, Phoenix Mills, Lodha group, among others, are looking to build new malls or acquire existing ones
In the wake of 2 yrs of low footfall, malls offer longer rent-free periods, long leases & capex on fit-outs