Page 2 - Malls In India

Staring at huge losses, malls seek to reopen as Mumbai begins unlock

Shop timings extended but formal spaces still shut, say industry players

Mall investors slam brakes on new launches amid Covid-19 pandemic

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

Covid-19 pandemic pushes mall launches in India to 2021 and beyond

As things stand today, 14 new malls spanning 5.9 million sq ft area are likely to complete by 2021-end.

Restaurants to retailers: Who gains, who loses as India starts Unlock 3.0

While restaurateurs and gym owners are enthusiastic, retailers expect little respite

Unlock 3: Night curfew ends, no schools till August 31, gyms can reopen

The government ignored demands by cinema hall owners for reopening. Theatres, bars, and places of congregation will also remain shut

Malls see 77% degrowth in 1st half of June, consumer sentiment low: Report

After lockdown guidelines were relaxed in early June, most states permitted malls and high street retailers to reopen after a gap of more than 70 days

Unlock 1.0 impact: Sales take off as malls limp back to normalcy

Sales have picked up across the board for clothing, electronics and computers, and specific home accessories.

Covid-19 crisis: Malls roll out red carpet but crowds missing on Day One

More than 250 malls were operational on Monday across the country. This is a fraction of the 650 plus large malls in India.

Cross many hurdles before you start shopping again amid Covid-19 crisis

Signs of change are all around - from washrooms to retail outlets. To limit the spread of the virus - now only alternate urinals and wash basins are available with an additional glass partition

Ahead of 'Unlock 1.0', India registers nearly 10,000 Covid-19 cases a day

The new phase is especially challenging for the five worst-affected states, accounting for nearly 70 per cent of the total confirmed Covid cases and over 78 per cent of Covid deaths in the country.

Retailers, mall owners now willing to resolve differences over rentals

Malls will reopen on June 8 in most parts of the country barring Mumbai, where the state government has decided against it for now.

Unlock 1.0 details, PM Modi's 'Mann Ki Baat' and coronavirus updates

Modi noted how India has fared much better than many parts of the world in fighting the pandemic

Lockdown 5.0: In 'exit plan,' positive sign for Metro, malls, restaurants

The new guidelines for the extended lockdown, however, will be comparatively much stricter for 13 worst Covid-19-hit cities

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Covid-19: Demand for disinfectant tunnels grows as malls, offices, line up

Disinfectant tunnels are becoming one of the most in-demand commodities in the post-Covid-19 world with malls, offices, banks, shops all lining up to install the structure at their entrances

Mall owners, retailers fail to agree over contentious issues amid lockdown

Developers, such as DLF and Phoenix Mills, say the force majeure clause, which retailers have indicated they would apply, in case there was a complete breakdown in talks

Premium purveyors see a slowdown coming due to coronavirus outbreak

From apparel to cigars, supply chain is a major cause for concern

Indian cities to add 100 new malls by 2022-end, says Anarock MD & CEO

Despite low consumer spending in recent times, mall developers remain bullish on the growth potential of organised retail as 100 new malls spanning over 49 mn sq.ft. are scheduled to come up across the country by 2022-end, property consultant Anarock said. Of the total new mall supply, the top seven cities alone will see 69 new malls spread over 35.5 mn sq.ft. area. The remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities such as Ahmedabad, Lucknow, Indore, Surat and Nagpur, it said in a statement. Region-wise, west and south Indian cities will see almost equal new supply. West India will get 36 new malls over 17.5 mn sq. ft. area, followed closely by South India with 35 new malls over nearly 17 mn sq. ft. The north region will see a supply of 22 new malls spanning over 11 mn sq. ft. area. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft. "2019 was defined by significantly lower retail leasin

Mall developers, investors look to double retail spaces in next two years

Mall developers such as Prestige and VRSA are developing malls as not just malls but experience centres for shoppers

ADIA-backed Lake Shore India Advisory planning to build four malls in India

According to industry experts, Lake Shore will have to spend at least Rs 35 billion on the project