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

Approx. 4.5 Mn sq. ft. New Mall Supply to Come Up in 2021 Across Indian Cities

New pan-India retail mall supply to be more than double of 2020 (approx. 2.1 mn sq. ft.) Of the total, at least 1.22 mn sq. ft. new mall supply to come up at Bengaluru & approx. 1.1 mn sq. ft. each in Mumbai & Noida Organized Indian retail market growing at an annual CAGR of […]

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