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Home > Forum > Delhi > Real estate News > Commercial estate are no more a magic

Commercial estate are no more a magic

Q: Hi,
Malls are no more magical what does that mean?? What is the recent news thats been flashed every where

delhi ncr
delhi
commercial projects india
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Replies (4)
1
May reduce the rent by selecting affordable venue service providers like Top Banquet Hall in Garhwa www.bandhanmarriagehall.com
Vijay Soni


2
Guys this might interest you, that While about 120 new malls became operational since 2011, around 30-40 of existing ones had closed down due to poor sales model and management of the malls were the key reasons for the failure of the malls. The mall failure was witnessed the most in Ahmedabad while Delhi-NCR, Chennai and Mumbai too faced similar trend.
Ayesha


So, you mean to say there are less footfall also???
Bhuvan,  Delhi-NCR
30th September 2013


The expected sales from the daily footfalls observed in and across various malls have been depleting in the face of the economic meltdown. Though malls which are strategically located in prime city centers are still witnessing a boom, those in faraway places from cities or those located in ‘dull’ commercial zones are seeing decreasing footfalls.
Suhail,  Delhi-NCR
30th September 2013


3
Actualy, the story is the last two decades, shopping malls have been one of the most enticing destinations for shopping and entertainment. But in the past few months, due to economic slowdown and a bad market scenario, few malls in India have been shutting down or leasing out to corporate offices and banquet halls.
Jay


4
Many mall owners across the country are failing to justify the rents they charge tenants for the mall spaces, due to which, the retailers are closing down their outlets in malls. The retailers are not seeing good sales as buyers are not spending much eagerly like before, due to slowdown and high costs.
Rajesh


5

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