Knight Frank India's recent report reveals a notable rise in ghost shopping malls, with 64 such malls identified in 2023 ...
Several shopping centers are struggling as an increasing number of consumers turn to online shopping and are shifting to ...
Industry analysts said this reflected weak consumer demand and could lead to job losses and economic dislocation, particularly for small retailers and service providers.
The number of ghost shopping centres is on the rise in key cities like Delhi-NCR, Mumbai, and Bengaluru. Image: Getty Images The number of “ghost shopping malls” – shopping centres with a vacancy of ...
The number of ghost shopping malls — those with vacancy of more than 40 per cent — increased to 64 last year from 57 in 2022 across eight major cities as retailers and consumers are preferring premium ...
Among small shopping centres, with an average leasing area of 100,000 square feet, 132 are on the verge of turning into ghost ...
As many as 64 shopping malls with about 13.3 million square feet of gross leasable area have been categorised as 'Ghost ...
The distress seems to be higher in Calcutta’s Tier B and Tier C malls than in those in the top bracket. A combination of ...