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Ecommerce Economic & Finance Real Estate Retail State & Urban

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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Advisor Network Economic & Finance Market Overview Real Estate Retail State & Urban

Retail Returns – New Mall Supply to Double to 10.15 Mn sq. ft. in 2022 Pan-India

Total number of 15 new malls to enter the market this year spread across 12 cities in the country; Chennai to see highest supply of 4 new malls this year spread over 2.55 mn sq. ft. Tier 1 cities with new mall supply include Ahmedabad, Chennai, Bangalore, Hyderabad, Mumbai, Pune & Ghaziabad in NCR spanning 7.65 mn sq. ft. […]

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