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VACANT MALLS IN INDIA
CA's request: Dear Gurugram, stop wasting space on more 'empty' malls and 'overpriced' foodcourtsIndia's retail landscape is transforming, with traditional malls declining due to online shopping and the appeal of larger retail spaces. S...
Behind ghost shopping malls, a new consumer trend glimmersGhost shopping malls with a vacancy rate of 40% or higher in 2023 are on the rise, with a 59% year-on-year increase in top 8 metros, result...
DLF ventures into wellness with 'Thrive' fitness centresWhile fitness centres in malls will be open to everyone, DLF is tying up with corporates for those located at office buildings.
Entertainment city promoters in talks to sell Noida land for ₹2k cr"About 1.7 million sq ft of the area is available to be developed and the new buyer can get the land use changed and develop it as a reside...
Rail Land Development Authority invites online bids for leasing out a land at Victoria Crescent, ChennaiThe land is adjacent to Ethiraj College and Spencers Plaza Mall. The site comes under the jurisdiction of Chennai Metropolitan Development ...
Malls, hotels now host co-working spacesCompanies such as Awfis, Smartworks and Indiqube already have a sizeable presence in such institutions across the country and are looking t...
McDonald's store closures leaves key vendors, mall operators and land owners rattledSome mall owners said they are writing to master-franchisee CPRL to either be compensated the rentals for three months or be given clarity ...
Other than renovation and innovation, how shopping malls can have a longer shelf lifeFrom roping in retailers such as Decathlon to re-configuring brands malls are forging deals to survive and some have even repositioned them...
Mamata Banerjee's Kolkata sees 20% rise in the commercial realty deals in 2 monthsMamata Banerjee's calls to set up businesses in the state seem to have started getting responses with commercial space deals clocking a 15-...
Hidesign to go slow on India, but stitches up big International plans“The big challenge this year is that the expansion within India is becoming harder as not many malls are coming up,” said Dilip Kapur, foun...
Dubai hotelier Ramee's Chennai mall up for saleThe mall occupies the first three floors of the property while the remaining 15 floors house the 325-room five-star hotel Hyatt Regency.
Malls in big cities ask the likes of Pantaloons, Big Bazaar to make way for Hennes & Mauritz, GapMarquee shopping malls in India are making their old anchor tenants move to smaller spaces to make way for new global entrants such as H&M ...
Closure of bad assets, shelving of mall projects pose challenges to regional and global retailers looking to expand business“Demand for quality mall space is soaring with international brands posting a healthy jump in their year-on-year revenues.
52% of Mumbai’s 40-odd malls strugglingAccording to Associated Chamber of Commerce and Industry of India survey, up to 52% malls in Mumbai are lying vacant — a figure second only...
Over half of the malls in Delhi-NCR are vacant: AssochamIt said that construction of several malls have significantly been delayed and withdrawn due to lukewarm response from retailers.
Quality Malls: Retailers want open stores only in high quality spacesMore and more shopping malls in Indian cities are struggling to find tenants because retailers want to open stores only in high quality spa...
- Terror alert haunts Delhi: Restaurants, malls feel the effect
Footfalls at malls and shopping complexes took a plunge and dining out was left for another day. The thin crowds were testimony to the fact...
- Retail sector to witness growth, number of malls to touch 280
While the National Capital Region (NCR) has significant vacant retail space, another four million sq ft is lined-up for 2011 in Delhi and i...
- Slowdown turns Ahmedabad into 'retail graveyard'
Apart from glaring vacant spaces in the city malls, the first visible downturn seems to be the closure of 2 Big Bazaar outlets. Career aven...
- Mall scare: Correction in realty sector hits retail too
Top eight cities see 20% vacancy across 40 m sq ft due to rising rental values and lack of quality space. Career avenues in retail | Budget...