Tata Realty sells 2 shopping malls in Amritsar, Nagpur for ₹700 crore to Singapore firm
VRSA will invest in rebranding the Trilium shopping malls
Tata Realty has sold two shopping malls in Amritsar and Nagpur to Singapore-based Virtuous Retail South Asia for ₹700 crore… read more
Malls make a killing by turning into one stop for all the wedding shopping
The scene — replete with priests, wedding planners, décor, cake specialists, photographers, makeup artists and gifts — is replicated across at least half a dozen malls, which are cashing in on wedding shopping — so far insulated from any real or perceived slowdown… read more
Back to square one in Bhubaneswar shopping malls, parking charges restarted
Shopping complexes in the city have restarted levying parking charges following an interim relief granted to a mall recently. Even as Bhubaneswar Development Authority (BDA) imposed strict provisions to prevent collection of parking fees at malls and shopping complexes, some commercial establishments, including Esplanade One, have allegedly resumed levying the charges after a gap of nearly two months… read more
Now, malls mine customers data to offer better deals
Malls now have tech to help them not only drive sales but also enhance the overall consumer experiences.
Pacific Mall in West Delhi figured out through algorithms that 65% of the customers at its food-court preferred vegetarian food. That prompted the mall to add a Halidram outlet and sales at the food-court went up by Rs 50 lakh a month… read more
Lodha looks to raise Rs 1,500 cr from two commercial assets in Mumbai
Lodha Xperia Mall is spread over 20 acres in the developer’s integrated township Palava City. The development is counted among India’s largest planned destination malls in terms of land area. It offers a combination of shopping arcade, outdoor adventure facility, a children’s museum, water sports on the lake and food zones… read more
Five Indonesian shopping malls to be sold for US$124m
NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend US$123.5 million buying five Lippo shopping malls in Indonesia.
Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for US$92 million while another three will be bought for US$31.5 million from entities owned by PT Multipolar… read more
“Accessible to everyone”: How shopping centres serve people with special needs
Shopping centres around the world are starting to make their properties more accessible for people with diverse needs by removing barriers and partnering with nonprofits… read more
Locals can park at 13 Mumbai malls
Parking for locals and visitors will be permitted inside 13 malls across the city, but the areas outside will be strict no-parking zones according to a plan chalked out by BMC and the new Mumbai Parking Authority (MPA) on Saturday. Charges will be reasonable… read more
Pacific Group to open new mall at Dwarka in Delhi on November 15; eyes Rs 40cr rent income per year
The company has completed the shopping mall and multi-level car parking project, which it bagged last year from Delhi Metro Rail Corporation (DMRC) through an auction process, with an investment of about Rs 100 crore… read more
Versace, Cavalli seek new partners in India; Longchamp shuts shop
Trouble looms over the luxury retail sector as consolidations are forcing brands to seek out new partners or close shop here. Iconic luxury brands Versace and Roberto Cavalli are on the lookout for a new partner in India and French bridge-to-luxury brand Longchamp has shut shop… read more
Prakash Jha promoted Mall honoured for its CSR activity
P&M Mall, promoted by legendary filmmaker Prakash Jha has won prestigious award for its CSR initiative during ‘Patna Floods’.The Mall was awarded during TAVF – The Activations Venues Forum held in Mumbai on November 7, 2019. The program was organised by Umbrella Agis, an integrated marketing agency headquartered in Mumbai… read more
Malls are now targeting millionaires
Suburban malls in the middle of America have been hit hard due the financial woes of anchor tenants like Macy’s (M) and JCPenney (JCP) and the slow death spiral at Sears… read more
Malls of Tomorrow Will Be Less Big Box, More Lifestyle, and Play Well With E-Commerce Too
Fourteen miles outside of Boston, the ground floor of what was a Sears at Burlington Mall has been stripped down to the steel. Renovations scheduled to finished in summer 2020 will transform the space into a “streetscape” of smaller stores and restaurants facing out on to dining patios and a one-acre park. (Consumers who aren’t keen on harsh weather need not worry, the interior connecting hallways will remain open.) The rest of the mall is evolving too, getting a ride-sharing waiting room, a media lounge, and a kids’ play area that will also have party rooms… read more
Nexus, Prestige in talks to merge mall business
Talks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust… read more
A cut above the rest, Zara now keen to cut mall rentals to size
A decade after its highly publicised entry into India, Spanish fashion retailer Zara is asking some malls where it has run stores for years to renegotiate rental terms, including reduction in revenue-share deals and either lower or total waiver of common area maintenance (CAM) charges that tenants must pay landlords… read more
Festival shopping peaks on weekend
The shopping districts and malls in the city witnessed heavy rush on Saturday, the last weekend before Diwali. Despite heavy police presence to regulate the traffic, Town Hall area, Gandhipuram and Brookebond Road remained congested from afternoon. It took many motorists more than 10 minutes to cross a 500m stretch. Shops are likely to remain open till 10pm to make most of the Diwali rush… read more
‘Mumbai’s Buyers have Become Mega-Consumers’: Gayatri Ruia
At a time when words like ‘Jimmy Choo’ and ‘Ermenegildo Zegna’ were just beginning to find a place in Indian vocabularies, business-couple Gayatri and Atul Ruia placed a bet. In central Mumbai’s Lower Parel, they had already turned a defunct mill into a high-street shopping and… read more
Virtuous Retail acquires three malls for $500 mn
Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development joint venture between alternative investment firm The Xander Group Inc. and Dutch pension fund APG, has acquired two existing malls and an upcoming retail development project for around $500 million, said Siddharth Yog, its founder and chairman… read more
India to get over 65 million sq ft new mall space by 2022-end: Report
Despite the onslaught of the e-commerce business across the country, malls are still serious business as indicated by the number of development planned and proposed by realty developers. The sector is riding high on the phenomenal rise of consumerism and renewed interest by institutional investors,.. read more
Local shopping malls on radar of Asian, Arab investors
Shopping malls in Turkey are attracting the attention of foreign investors, particularly from Arab and Asian countries, including China and South Korea. The interest has grown significantly with the increase in the number of tourists from these regions… read more
Celebrate Diwali in style at Dubai Festival City Mall
Make sure you’re at Dubai Festival City Mall this Thursday to witness a Diwali celebration to remember. The popular destination will showcase a spectacular fireworks display, alongside the fourth edition of its huge IMAGINE show… read more
SCAI receives a nod from Maharashtra HC in ‘Parking Charges’ case
As you are aware the captioned matter was listed for hearing along with Writ Petition No.9471 of 2019 filed by City Centre Mall Pvt. Ltd. challenging the impugned resolution passed by the Nashik Municipal Corporation before the division bench comprising of Their Lordship Hon’ble Justice S. C. Dharmadhikari and Hon’ble Justice G. S. Patel at which time the following were present… read more
Nexus Malls joins SCAI as Founder Member
Nexus Mall has established as one of the leaders in retail real estate industry in India with a portfolio of 5.4 million square feet of Grade A retail space in India.
Their malls are spread across Mumbai, Pune, Ahmedabad, Chandigarh, Indore and Amritsar.
Nexus Mall is redefining the shopping culture in India by bringing about transformation for shoppers and retailers.
Nexus Malls believes in bringing transformation, improvement and innovation in retail sector.
Bhumika Enterprises Private Limited joins SCAI as Founder Member
Bhumika Enterprises Private Limited under the leadership of Mr. Uddhav Poddar has joined SCAI as a Founder Member; the aim of the company is to build quality living, commercial and hospitality spaces which will set a new benchmark in the industry.
It has a mall in operation at- Udaipur. – The Urban Square
Urban square is Rajasthan’s first European-styled retail cum tourist destination. 18 lac square feet of gross built area will be a regional power centre, a mega tourist attraction, a family leisure destination and a commercial center to provide the inhabitants of this royal city as well as the multitude of tourists, an unforgettable experience via its bevy of unique offerings.
Urban square is being constructed in two phases with the European-flavoured high street retail spaces, hotel& banquet, commercial studios, a mall with a 6 screen multiplex, hyper mart, anchor stores, food court, restaurants & play zone in the first phase and extension of retail, studios and offices in the second phase.
Indian Malls: Selling experiences to engage...
by Charu Lamba on November 25, 2019 at 3:30 am
Shopping centres encapsulate a robust holistic experience of entertainment, food, shopping, and leisure. They are no longer looked upon as retail destinations but instead have evolved into platforms to garner memorable experiences and spend good quality time. They have transformed into a space for people to relax and rejuvenate their energies and spend quality time
Modern design helps close the digital divide,...
by Charu Lamba on October 28, 2019 at 4:31 am
The traditional mall is fast becoming a historical anachronism. With the blitz of e-commerce and the convenience of doorstep delivery, brick-and-mortar retail suffered heavy losses. To stop the modern mall from going out of fashion, shopping centre developers are working upon every aspect to entice consumers into coming to them, then be it through experiential
Driving The Change: Malls use technology for...
by Sandeep Kumar on September 20, 2019 at 4:30 am
Today, convenient parking and modern retail go hand in hand. Parking plays a major role in deciding where people might go to spend the day. To draw in the footfalls, malls, amusement parks, hotels, and even government-driven projects like smart cities have taken to providing smart parking lots, which are manned by security to ensure
FECs come into play as Tier-II malls turn...
by Shopping Centre News Bureau on September 5, 2019 at 4:30 am
Tier II and tier III cities are undoubtedly the future growth engines of the country. The rise in internet penetration, influence of social media and growing disposable incomes of the new generation have essentially ushered in an era of commerce,resulting in a mall boom in India. Such is the growing mall culture in India that
Malls should be social spaces, not retail real...
by Shopping Centre News Bureau on August 22, 2019 at 3:14 am
Shopping Centres Association of India (SCAI) Board of Directors’ meeting hosted by Select CITYWALK, was held in Delhi on August 9, 2019. In its inaugural SCAI North India meet, 26 members from the northern region gathered to discuss the role, aim and initiatives of the organisation. The two-hour session was attended by SCAI Board of
Phy-gital Malls: A powerful arrow in the shopping...
by Sandeep Kumar on August 13, 2019 at 3:51 am
The word Phy-gital is not new for the Indian retail and shopping mall industry anymore. Every shopping mall is trying to go Omnichannel, upgrade its technology and provide its customers with the ultimate high-tech, experiential retail platform. Despite the meteoric rise of e-commerce in India, the growth in the number of malls has not slowed