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Retail sales in malls rebound post COVID-19 2nd wave: CRISIL

Retail sales in malls rebound post COVID-19 2nd wave: CRISIL
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recovery: Malls recovery in key cities, except Mumbai, Pune, on track as second wave subsides, CRISIL

Rental revenue for mall owners is seen clawing back to 80-85% of pre-pandemic levels this fiscal, compared with 55-60% last fiscal. Also, while their liquidity may erode this fiscal as well, strong sponsor support and fund-raising initiatives will support credit profiles, an analysis of Indias top 14 malls1 rated by CRISIL Ratings shows.

Joveo To Invest Rs 180 cr By Dec 2022

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