New Delhi: The retail sector is already worth $350 billion, but malls which were supposed to provide critical infrastructure for supporting them, are faltering.
In fact, analysts are saying the trouble is of their own making, since malls are seen as an easy way to develop real estate.
Not enough thought seems to be going into their design, construction or user friendliness, which could mean bad news for the 500 new malls that are in different stages of readiness, likely to be completed over the next five years.
Unless these issues are addressed fast enough, the retail boom may just lose steam.