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Mall space in India to rise by 30-35 million sqft in 3-4 years on strong recovery in retail sales, says CRISIL Ratings

Mall space in India to rise by 30-35 million sqft in 3-4 years on strong recovery in retail sales, says CRISIL Ratings
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Saina kathawalaAnand kulkarniAssociate director

Malls India: Malls expected to attract investment of over Rs 20,000 cr in next 3-4 years

Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption across geographies as well as sectors fortifies demand resilience. In fact, revenue of mall owners for this fiscal is estimated at 125% of the pre-pandemic level.

Saina kathawalaAnand kulkarniAssociate directorMalls indiaCrisil ratings

Shopping mall area to rise 35 pc over next 3-4 years: Crisil Ratings

Shopping mall area to rise 35 pc over next 3-4 years: Crisil Ratings
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Anand kulkarniCrisil ratings

CRISIL Ratings: Mall area to rise by 35% over the medium term on retail surge

CRISIL Ratings: Mall area to rise by 35% over the medium term on retail surge
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Saina kathawalaAnand kulkarniAssociate director

Malls India: Malls expected to attract investment of over Rs 20,000 cr in next 3-4 years, ET Retail

Malls India: Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption across geographies as well as sectors fortifies demand resilience. In fact, revenue of mall owners for this fiscal is estimated at 125% of the pre-pandemic level.

Saina kathawalaAnand kulkarniMalls indiaAnand kulkarniSaina kathawalaCrisil ratingsHall investment