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Ghost Malls In India See $524 Million Loss Despite Retail Sales Grew at 24%

In India, 21% or total 57 malls are in a dilapidated state(Ghost Malls) and have resulted in a loss of over $524 million, according to Knight Frank India’s latest report ‘Think India, Think Retail 2022’. On a mall by mall level, the term ‘ghost mall’ is defined as having less than 40% occupancy. Delhi NCR has […]

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