Malls like UB City in Bangalore are major landmarks to cities. But the rental rate is very very high in such malls and is meant for top outlets/brands who can afford to spend so much on rents. The real estate in those parts start taking a new turn with such malls around.
We need to understand one thing.Many of the young people go to malls just to hang around. Only some of them actually buy things available in the mall shops while most of them only do window shopping. I do have my shop in a mall. I have been seeing these things every day..
There is good demand for mall space in cities. Young generation especially gets more attracted to malls than simple shopping centers.. They consider it trendy and luxury to visit malls and shop..
Hi Mr Shetty, renting space in malls is highly costly in metro cities like Delhi, Bangalore, Mumbai,.. but it is not a good idea to rent shops in malls in small towns or in ones located far from city. So are you planning to take any mall space for rent? If yes, then where you want and how much area is required?