2018 set to witness highest supply of malls in 6 years, says study

The year is expected to see a new mall supply of 7.8 million sq ft, which is the highest supply in the past six years, according to a new study.

The number  newly completed malls in 2017 was recorded at 5.6 million sq ft, which is expected to see an increment of close to 40 per cent year-on-year in 2018, JLL’s new report said.

Mall supply in the next three years (2018-2020) is expected to be at 19.4 million square feet. In the same period, demand will be approximately 15 million sq ft.  

The largest contribution to this will be coming from Hyderabad