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Opinion

Can India’s ghost shopping malls be saved?

Can India’s ghost shopping malls be saved?
Can India’s ghost shopping malls be saved?
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Synopsis

The estimated loss of value from underperforming retail real estate assets is INR6,700 crore this year alone. How can India fix this?

India's retail landscape is a tapestry of contrasts, blending the vibrancy of high streets with the grandeur of shopping malls. However, beneath the glittering facade, lies a tale of resilience and reinvention. The sector, or at least a few not so well-planned and well-managed malls, is grappling with shifting consumer dynamics and economic headwinds. The challenges facing the retail sector, particularly the proliferation of ghost malls, are a
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The Economic Times