September 27, 2021

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The Fashion Spirit

COVID-19 hits buying shopping mall launches in the nation : The Tribune India

1 min read

Kolkata, November 16

Launching of buying malls in 2020 was strike badly with only five attributes starting operations so much towards a pre COVID-19 estimate of 54, which were very likely to be unveiled across the state this calendar year, a world property marketing consultant claimed on Monday.

Severely impacted by the pandemic, just five malls with 2.75 million sq. feet of space, came up and thinking of the development in design function, 14 new malls spanning 5.9 mn sq ft location are most likely to accomplished by 2021-conclude.

“Before the COVID-19 lockdown in March, our study indicated that Indian metropolitan areas were to see new offer of roughly 54 new malls in 2020 unfold in excess of almost 22.2 million sq. ft region. Of this, the prime seven cities ended up to see the new provide of virtually 35 malls distribute more than approx 14 million sq. toes while Tier II and III towns ended up to see the new source of 19 new malls above 7.6 million square toes,” Anarock Retail CEO and MD Anuj Kejriwal claimed.

The 5 new shopping malls ended up launched in cities namely Gurgaon, Delhi, Lucknow and Bengaluru, he said.

In 2021, at least 6 malls ended up most likely to be done in Mumbai, to be adopted by Bengaluru with a few, he stated.

Tier-II and III towns such as Lucknow, Thiruvananthapuram and Rourkela will see new malls in the upcoming fiscal, Kejriwal claimed. PTI

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