Malls, shopping centres report a sharp decline in footfalls
5 years ago

Malls, shopping centres report a sharp decline in footfalls

Live Mint  

Shopping centres and malls said “walk-ins” or unplanned customer visits have slumped between 10% and 20% over the last two weeks as shoppers stay away from crowded places fearing Covid-19 infections. Over the last 10 days, footfalls at DLF Mall of India in Noida dipped more than 20% as people turned cautious over a case detected in the nearby Mayur Vihar area. Mumbai-based Inorbit chain of malls said it has witnessed a fall in footfalls over the last few days but largely in its properties in south India where fresh cases have emerged. “There is a slight dip, yes, but I don’t think there is any major impact we are seeing right now,” said Rajneesh Mahajan, chief executive at Inorbit Malls India Pvt.

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History of this topic

COVID-19 effect: Shopping malls coming up at snail’s pace across India
4 years, 4 months ago

COVID-19 effect: Shopping malls coming up at snail’s pace across India

Deccan Chronicle  

Chennai: As the business in malls has still not recouped to pre-Covid levels, mall development is moving at a snail’s pace. The calendar year was supposed to see the launch of 54 new malls, spanning over 22.2 million sq. "Since the shopping malls reopened across the country, the industry and mall developers have noticed more serious buyers walking-in with a …

Footfall ‘not returning’ to city centres as office workers stay at home
4 years, 6 months ago

Footfall ‘not returning’ to city centres as office workers stay at home

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest monthly BRC ShopperTrak footfall monitor revealed that UK footfall slid by 34.3 …

The future of Indian retail post-Covid
4 years, 10 months ago

The future of Indian retail post-Covid

The Hindu  

The lockdown is easing in several parts of the country and non-essential shops are getting back in business. An additional ₹27,000 crore has been invested in ongoing projects,” says Amitabh Taneja, Chairman, Shopping Centres Association of India, who fears defaults in excess of ₹70,000 crore and mounting job losses, if relief isn’t provided to the sector. “Local shops have gained …

Shopping malls supply in 2014 dips 79% on construction delays
10 years, 2 months ago

Shopping malls supply in 2014 dips 79% on construction delays

India TV News  

New Delhi: The supply of retail space in shopping malls last year fell sharply by 79 per cent to about a million sq ft in the seven major cities of the country due to construction delays, property consultant CBRE said today. The supply of organised retail space stood at 4.7 million sq ft in 2013 in the seven cities – …

Construction delays shrink retail space in shopping malls, dips 79% in 2014
10 years, 2 months ago

Construction delays shrink retail space in shopping malls, dips 79% in 2014

Firstpost  

A slowdown in the real estate sector has affected the cash-flow of developers, leading to huge delays in completion of housing and commercial projects. New Delhi: The supply of retail space in shopping malls last year fell sharply by 79 percent to about a million sq ft in the seven major cities of the country due to construction delays, property …

Diwali round the corner, but malls starved of shoppers
11 years, 5 months ago

Diwali round the corner, but malls starved of shoppers

India TV News  

Mumbai: Indicating a bleak Diwali this year, malls across the country have reported a sharp decline -- as high as 35-40 percent -- in footfalls by festive shoppers, a new survey has revealed. Attributed to the economic slowdown, high interest rate and inflation, and job uncertainties, the steep drop in shoppers have hit the malls which are already suffering from …

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