Malls In India

Businesses gasp as Delhi's bad air chokes demand; air purifiers sales rise

Malls go empty, open-air markets also hit

18 mn sq ft mall retail space to be added to top 8 cities in 2024-27: C&W

Fresh supply of retail space in shopping malls during 2024-27 across eight major cities is expected to be 18 million sq ft, which is one-third of the projected requirement to meet the demand, according to Cushman & Wakefield (C&W). Real estate consultant C&W in its latest report pointed out that "India's Retail Space Per Capita (RSPC) lags behind other South Asian countries, including Indonesia, Philippines, Thailand, and Vietnam." This underlines vast potential for expansion of retail spaces, it added. At present, the total retail space in top eight cities is around 60 million sq ft and 18 million sq ft is expected to be added during 2024-27. In the first half of 2024, no new mall became operational. "To reach a 1.0 RSPC by 2027, comparable to Indonesia -- the closest relevant comparison owing to relatively similar per capita incomes -- there is a need to construct about 55 million sq ft of mall space over the next four years," the consultant said. At present, the ...

Delhi malls, hospitals get bomb threat emails: Why is tracking sender tough

Bombs threats, mostly hoax calls, to schools, hospitals, malls, and other public places have become increasingly frequent since last year. The latest threats also seem to mirror the previous incidents

Noida mall evacuates people sparking bomb threats; mall says security drill

Several people were evacuated from DLF Mall of India in Sector 18 here on Saturday triggering fear of a bomb threat even as the mall authorities said it was a security drill. The police have not yet issued any statement on the matter. A man, who identified himself as Avinash, said in a post on X that he was watching a movie when the audiences were asked to leave. "Whole Noida DLF mall is being evacuated, called as a mock drill," he posted on X. In another post on the social media platform, he shared the image of a vehicle of the bomb disposal squad at the mall and wondered if it was "still a mock drill". In a statement issued around 1.35 pm, the DLF Mall of India said the "activity" was a security drill conducted in collaboration with Noida authorities. "We are pleased to confirm that the mall is now open and fully operational," it said. "The safety of our patrons is our utmost priority, and DLF is consistently dedicated to maintaining the highest security standards to ensure a s

Retail space demand in malls rises 15% in April-June: Cushman & Wakefield

Leasing of retail spaces in shopping malls rose 15 per cent annually during the April-June period to 6.12 lakh square feet across eight major cities on better demand from retailers, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield India data showed that the demand for retail space on major high streets across these eight major cities increased 4 per cent annually to nearly 14 lakh square feet during the second quarter of the 2024 calendar year. As per the data, the leasing activities in shopping malls rose to 6,12,396 square feet during April-June 2024 from 5,33,078 square feet in the year-ago period. High street locations saw a growth of 4 per cent in leasing to 13,89,768 square feet from 13,31,705 square feet during the period under review. The leasing data includes all types of shopping malls- Grade A and Grade B -- and also all prominent mainstreets. These eight cities are -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and ...

Inside Delhi's ghost malls: A struggle to stay relevant in retail landscape

Poor management by mall authorities appears to be a significant reason for the decreased footfall

Heat maps, virtual assistants: Malls ramp up AI use to track business

Technology helps them in knowing footfall and where visitors are flocking to

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Malls registered high demand this year, trend likely to continue in 2024

Most malls that opened in 2023 had commitments even before they became operational, and were occupied soon after their opening

With retail demand and investor interest up, India set to get bigger malls

High interest from investors, along with comfortable balance sheets, is expected to keep credit risk profiles of mall owners stable, says Crisil

Prestige Group eyes mall expansion in Mumbai and Goa amid retail boom

Prestige Group currently operates four malls in Bengaluru and Kochi, it plans to develop eight more malls across various stages in cities such as Chennai and Hyderabad

New assets, expansion to drive growth for mall firm Phoenix Mills

Brokerages expect double digit earnings growth over the next three years

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

'India's first shopping mall-cum-coworking facility to come up in Pune'

India's first shopping mall-cum-coworking facility, housing some of the niche retail brands, is expected to be launched in Pune in mid-October, according to Anarock Retail. Situated adjacent to the Pune Airport, the AeroMall, being developed by Pebbles Infra-Tech under the PPP model with AAI, is spread over 4,45,000 sq ft, including 1,30,000 sq ft of leasable space for retail. As sole advisors to the facility, Anarock Retail has designed the complex, managed its development, and crafted its tenant mix, Anarock Retail, the retail services division of the home-grown real estate consultant Anarock, said. The post-pandemic revival in air travel has brought airport retail back centre-stage. However, there continues to be a deficit of quality retail spaces at Indian airports for the best-suited retailers dealing in apparel and fashion, wellness, electronics and travel accessories, F&B, and beauty products, the company said. Airport retail is attractive for retailers due to the ...

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

On day 1 of 'unlock', buyers give Delhi and Mumbai markets a miss

Hope rides on durables to draw people back to trading hubs, high streets

Staring at huge losses, malls seek to reopen as Mumbai begins unlock

Shop timings extended but formal spaces still shut, say industry players

Mall investors slam brakes on new launches amid Covid-19 pandemic

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

Covid-19 pandemic pushes mall launches in India to 2021 and beyond

As things stand today, 14 new malls spanning 5.9 million sq ft area are likely to complete by 2021-end.

Restaurants to retailers: Who gains, who loses as India starts Unlock 3.0

While restaurateurs and gym owners are enthusiastic, retailers expect little respite