Tag: malls

One in every five Indian malls has turned into a ghost mall with 15.5 million sq ft lying vacant across 74 centres in 32 cities. Knight Frank India warns that ageing 2000s-era properties are losing footfalls to new Grade A malls and high-street shopping. While Tier-1 cities hold 11.9 mn sq ft of dead space, 15 revivable malls can still generate ₹357 crore annual rent – but failing revival will hit