The stock in Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Mumbai and Pune is expected to increase from 76 million sqft in 2013 to 95.7 million sqft in 2015, said a survey by property consultant Jones Lang LaSalle.
Delhi NCR and Mumbai lead in terms of concentration of shopping malls, it said. "As of now, Delhi and Mumbai together account for 62 per cent of the pan India mall stock. They are followed by Bangalore and Chennai, which together constitute around 20 per cent of the stock," the survey said.
"There is an increasing trend among upcoming malls to adopt a structured approach in planning, execution and launch. The importance of formulating an optimal tenant mix to ensure the maximum utilisation of retail space is now recognised and accepted by almost all major mall developers," JLL Managing Director (retail services) Pankaj Renjhen said.
"In the coming years, average size of malls is likely to increase as developers are focusing on project sizes that allow for a critical mass in terms of offering various formats and categories under one roof," Renjhen said.