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SUNDAY, JULY 05, 2009 10:39 AM IST
  • Posted: Wed, May 14 2008. 1:39 PM IST

No more a shopper’s stop

India has over 100 malls and just as many under construction, but only a handful raking in the moolah or breaking even; is it a case of poor planning, or the customer still not letting go of his purse strings?

Vaishali Jain/ Mint TV

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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.
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srinivas Said:


What's the point of this article. Do you write this article sitting at your desk.No data points, no analysis just some generic comment .

Posted On 5/14/2008 2:00:30 PM
Hetan Said:


The Indian retail industry is only being talked about considering its sheer size of $350bn. Although, in a country where the spend basket of an household comprises 45 to 50% of food products. On contarary a developed nation such spend towards food products is lower than 25% of total household expenditure. The Indian retail story (except for food retailing) is never going to be a remunarative operation unless the disposable income really rises leaps and bounds. Trust should wait for the situation where most of these malls have to be redone/ refurbished for an alternative use. Best, Hetan

Posted On 5/14/2008 2:04:11 PM
Re: Harsh Said:


Hetan.... Is that you?? Trust its high time you changed your language now. Best, Harsh!! :)

Posted On 5/19/2008 9:56:49 PM
home Said:


real estate is really a good business now a days ________ http://www.staelena.com

Posted On 5/14/2008 3:20:01 PM
Harshal Said:


A very ordinary article, does not make any sense to the readers, Poor show...Did not expect this from Mint

Posted On 5/14/2008 3:38:12 PM
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