Malls in India to boost the realty sector

Q: Any idea how many new malls are coming across India?

Gurmeet,

13th August 2013

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As per my opinion in addition to other infrastructure developments, growth of malls also serve as the key driver for the rise in residential units in a region. With the organized retail coming into foray, the retail landscape of a region undergoes tremendous transformation. Property rates in the nearby areas hit the roof with the establishment of malls in a locality.

Rajkumar, Bangalore

13th August 2013

Comment

Penetration of domestic and foreign retailers and mall developers have acted as a boon for the realty market of the nation. To add to it, government’s nod to foreign direct investments in multi-brand retail has acted

Amarnath, Bangalore

13th August 2013

Will the growth of new shopping malls throughout the nation impact in the real estate sector?

Nagesh, Bangalore

13th August 2013

Comment

Growth of malls acts as an inherent strength of a city. Surge in the number of malls has triggered the wave of retail real estate revolution in the nation. Increasing globalization and cross cultural migration within the nation add to the number of reasons for growth in residential catchments in a city and malls serve as an icing on the cake.

Amarnath, Bangalore

13th August 2013

The sluggish pace of the Indian realty sector has somehow not tied up the growth of new shopping malls throughout the nation. With a total strength of 570 operational malls, covering a space of 180 million sq ft in the country, Indian realty sector has gone through a significant metamorphosis.

Jignesh Kumar, Bangalore

13th August 2013

Comment

Over 190 malls are present in seven metros which are fully operational. In addition to this growth spree, more than 60 malls were opened across India last year, which also throws light on the fact that the average area of the prime 15 malls in the country have climbed the ladder to 40%, since 2008. In the last three years, the average area has changed from 6.17 lakh sq ft to 8.66 lakh sq ft.

Roshan Singh, Bangalore

13th August 2013