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Business News/ Videos / Are Shopping Malls In India REALLY Dying? | Rise In Ghost Shopping Centres & Malls | Fact Check

Are Shopping Malls In India REALLY Dying? | Rise In Ghost Shopping Centres & Malls | Fact Check

Several malls and shopping centres in Indian metros have now been closed permanently - some have been demolished. Some others have gone into redevelopment. This is because a huge number of retail centres in India are underperforming. Several shopping centres are struggling, as an increasing number of people are turning to online shopping. This has led to a sharp surge in what is called GHOST SHOPPING centres - spaces where vacancy rates are over 40%, which essentially means nearly half of the mall has literally been ghosted by shoppers. But - do these numbers mean shopping malls are dead? Not really. Watch

 
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