Retail Malls

Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank

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 to increase by 30% in FY23, says report

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

Prima facie, malls don't have right to collect parking fees: Kerala HC

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

Lake Shore looks at $100 mn from Apollo Global to buy Viviana Mall

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

Phoenix Mills looks to double its portfolio of retail properties by FY26

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

Covid relaxation: Hotels, malls can stay open in Maharashtra till 10 p.m.

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

Most big mall developers may waive rent for recent Covid-19 lockdown

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

Mumbai malls see 25% decline in footfall on fresh Covid-19 curbs

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

As cases rise, Covid-19 testing could dent Holi sales for Mumbai malls

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

Markets crowded, but malls empty

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

Big short: How Carl Icahn made $1.3 bn as malls closed down due to Covid-19

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

India Coronavirus Dispatch: Time to rethink, transform our cities

Covid impacts medical research, infections rise in Indian jails, and what Pune's sero-survey tells us--a roundup of news on how the country is coping with the pandemic

Cross many hurdles before you start shopping again amid Covid-19 crisis

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

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

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

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

Single shifts, contactless shopping on cards

Mall operators' revenues may take 30% hit amid coronavirus spread: Experts

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

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

New mall addition slows down despite rise in net absorption across India

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