Mall operators' revenues may take 30% hit amid coronavirus spread: Experts

The analyst said since servicing of principal and interest on loans will become challenging for mall operatos in the next couple of months

With malls shut in key cities such as Mumbai, Bengaluru and Delhi, mall operators could lose 20-30 per cent of their annual revenues, analysts warn.

"With the COVID-19 issue likely to linger till at least Q1FY21, mall operators stand to lose 20-25 per cent of their annual revenue assuming that a rent-free period is given to retailers," said Adhidev Chattopadhyay, research analyst at ICICI Securities, said in a recent report.

Chattopadhyay said mall operators and retailers may share the losses, given malls have become a relationship-based business with the same retailer having presence across malls.

Phoenix Mills, in the listed space, and Blackstone-owned