NewsVoir New Delhi [India] May 21 Amidst the increasing number of ghost shopping malls in the country there positive news surrounding the high street malls High street malls are becoming a favored destination for retailers due to the rapid opening of new stores Recently released data from Knight Frank states that high street malls earned an average of Rs 30893 per square foot in 2023 The potential consumption in 58 high street malls across 29 cities is estimated to exceed Rs 2500 crores Potential consumption per square meter in high streets is 238 per cent higher than operation shopping centres in 29 cities mainly due to high commercial density in some categories that only perform better in high street malls Large shopping malls with an area of over five lakh square feet are not without their challenges The number of vacant shops there has seen a modest increase of five per cent However high-street malls are making their mark in retail contributing 29 per cent to the sector Their uniqu
Budget News: The real estate sector is expecting positive impacts from the upcoming Budget 2024. Despite challenges like elevated input costs and increasing interest rates, the industry is optimistic about the recovery observed in 2023.
Real Estate Sector - Anticipating Positive Impacts from Upcoming Budget business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The Allahabad High Court recently quashed a criminal defamation case against Aroon Purie, Chairman and Director of TV Today Network Ltd. The case had been filed by a former Uttar Pradesh District.