• Shopping centres body seeks reopening of malls
  08 May 2020, Smetimes.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region.In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation.While preparing the standard operating procedures, the SCAI has held several consultations with the captains of the industry as well as adopted global best practices to ensure that the spread of Covid-19 is contained…
• Shopping Centres Reinvent Themselves in COVID Times: Present SOPs to Govt to Allow Them to Re-Open Premises
  07 May 2020, Indiaretailing.com
  In a late night order on Friday, April 24, 2020, the government had allowed opening of shops as part of the easing down of lockdown restrictions announced on April 15 with neighbourhood shops and others being to re-open allowed within the city. Shops were allowed outside the city limits – except those in malls – with 50 per cent workforce while wearing of masks has been made compulsory…
• How to keep the morale of retail personnel buoyed up in times of COVID-19
  07 May 2020, Indiaretailing.com
  The COVID-19 crisis is proving to be a test for businesses with the government announcing a complete nationwide lockdown. While it is hard to predict what the ultimate economic impact of this crisis will be, retail businesses will have to safeguard themselves on three key parameters – disrupted supply chain, delayed or unfulfilled customer orders and safeguarding internal stakeholders…
• Bengal’s retail and hospitality sectors plan new models to sidestep Covid-19 crisis
  07 May 2020, Hindustantimes.com
  The retail sector and hospitality industries which have been badly hit during the lockdown are keen to resume business with safeguards against the Covid-19 pandemic. With business virtually at standstill, retail and hospitality industries have planned new models to keep going in a controlled environment during and after the lockdown to check the spread of coronavirus. The Shopping Centres Association of India (SCAI) has prepared a standard operating procedure (SOP) and approached the administrations in several states, including West Bengal, seeking resumption of operation with limited manpower and restricted entry of shoppers…
• Mall operators hurting, but divided over rental waivers
  07 May 2020, Retail.economictimes.indiatimes.com
  Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants.Bengaluru: Builders and global private equity players with a large portfolio of malls in India say it is not financially feasible to waive rentals for long as they have to meet their interest and other liabilities.Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants.But others such as Brigade Group and Prestige Group have offered a three-month moratorium on rents.“With a large fixed expense base…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  07 May 2020, Newkerala.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow.The industry body has also come up with a detailed document with its proposed Standard Operating Procedures (SOP) including restricted timing and social distancing norms such as one customer…
• Reopening of malls will reduce chances of conflict with retailers over rent: official
  07 May 2020, Outlookindia.com
  After standalone shops are allowed to reopen in the lockdown 3.0, shopping mall owners have sought permission from the government to resume operations, and this may reduce the possibility of a conflict between them and retailers over rent, officials said.All major retailers of shopping malls recently sought waivers and relaxation in rentals in the wake of losses because of the Covid-19 triggered lockdown.”Retailers are in favour of enforcing the force majeure clause, to which mall owners objected and the matter may get dragged to court,” a mall management executive told PTI, declining to be quoted…
• Reopening of malls will reduce chances of conflict with retailers over rent: official
  07 May 2020, Business-standard.com
  After standalone shops are allowed to reopen in the lockdown 3.0, shopping mall owners have sought permission from the government to resume operations, and this may reduce the possibility of a conflict between them and retailers over rent, officials said.All major retailers of shopping malls recently sought waivers and relaxation in rentals in the wake of losses because of the Covid-19 triggered lockdown.”Retailers are in favour of enforcing the force majeure clause, to which mall owners objected and the matter may get dragged to court,” a mall management executive told PTI, declining to be quoted…
• Reopening of malls will reduce chances of conflict with retailers over rent: official
  07 May 2020, In.finance.yahoo.com
  After standalone shops are allowed to reopen in the lockdown 3.0, shopping mall owners have sought permission from the government to resume operations, and this may reduce the possibility of a conflict between them and retailers over rent, officials said.All major retailers of shopping malls recently sought waivers and relaxation in rentals in the wake of losses because of the Covid-19 triggered lockdown.”Retailers are in favour of enforcing the force majeure clause, to which mall owners objected and the matter may get dragged to court,” a mall management executive told PTI, declining to be quoted…
• Reopening of malls will reduce chances of conflict with retailers over rent: official
  07 May 2020, Latestly.com
  After standalone shops are allowed to reopen in the lockdown 3.0, shopping mall owners have sought permission from the government to resume operations, and this may reduce the possibility of a conflict between them and retailers over rent, officials said.All major retailers of shopping malls recently sought waivers and relaxation in rentals in the wake of losses because of the Covid-19 triggered lockdown.”Retailers are in favour of enforcing the force majeure clause, to which mall owners objected and the matter may get dragged to court,” a mall management executive told PTI, declining to be quoted…
• Reopening of malls will reduce chances of conflict with retailers over rent: official
  07 May 2020, Devdiscourse.com
  After standalone shops are allowed to reopen in the lockdown 3.0, shopping mall owners have sought permission from the government to resume operations, and this may reduce the possibility of a conflict between them and retailers over rent, officials said.All major retailers of shopping malls recently sought waivers and relaxation in rentals in the wake of losses because of the Covid-19 triggered lockdown.”Retailers are in favour of enforcing the force majeure clause, to which mall owners objected and the matter may get dragged to court,” a mall management executive told PTI, declining to be quoted…
• Frontpage Mall owners plead for consent to reopen
  07 May 2020, Dailyhunt.in
  Mall owners are pleading with the Centre and state governments to let them reopen the establishments as the cost of prolonged closure weighs heavy on retailers, developers and tens of thousands of people employed in the sector.Developers have written to the Prime Minister’s Office, Union home ministry and chief ministers seeking permission to open malls for at least limited time. The managements are ready to follow all hygiene protocols and run truncated operations.”While we recognise the need for a gradual opening of economic activities, it is equally important to emphasise that malls are better equipped to provide a safe and…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  07 May 2020, News.webindia123.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow.The industry body has also come up with a detailed document with its proposed Standard Operating Procedures (SOP) including restricted timing and social distancing norms such as one customer…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  07 May 2020, Netindia123.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow.The industry body has also come up with a detailed document with its proposed Standard Operating Procedures (SOP) including restricted timing and social distancing norms such as one customer…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  07 May 2020, Investmentguruindia.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow.The industry body has also come up with a detailed document with its proposed Standard Operating Procedures (SOP) including restricted timing and social distancing norms such as one customer…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  07 May 2020, Sify.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow.The industry body has also come up with a detailed document with its proposed Standard Operating Procedures (SOP) including restricted timing and social distancing norms such as one customer…
• Shopping centres body seeks reopening of malls
  07 May 2020, Sify.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region.In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation.While preparing the standard operating procedures, the SCAI has held several consultations with the captains of the industry as well as adopted global best practices to ensure that the spread of…
• Shopping centres body seeks reopening of malls
  07 May 2020, Newkerala.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region.In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation.While preparing the standard operating procedures, the SCAI has held several consultations with the captains of the industry as well as adopted global best practices to ensure that the spread of…
• Industry News Shopping centres body seeks reopening of malls
  07 May 2020, Dailyhunt.in
  In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation.While preparing the standard operating procedures, the SCAI has held several consultations with the captains of the industry as well as adopted global best practices to ensure that the spread of Covid-19 is contained.SCAI Chairman Amitabh Taneja said in a statement: “The SCAI has been advocating the need for concerted support from the government and financial institutions towards the survival and long-term sustainability of organised retail trade in India.””As an industry, we are responsible…
• It is not financially feasible to waive rentals for long: Builders and global private equity players
  07 May 2020, Realtynxt.com
  But some operators such as Brigade Group and Prestige Group have offered a three-month moratorium on rents.Builders and global private equity players with large portfolio of malls in India say it is not financially feasible for them to waive rentals for long as they have to meet their interest and other liabilities. Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants. But some operators such as Brigade Group and Prestige Group have offered a three-month moratorium on rents.“ “With a large fixed expense base and financial commitments to lenders…
• Coronavirus lockdown | Malls, cinema halls may open in green zones: Report
  07 May 2020, Moneycontrol.com
  Malls, cinema halls and retail stores are closed during the nationwide lockdown, which began on March 25. The Centre is considering the option of opening malls, cinema halls and local retail stores in green zones at night during the nationwide lockdown.The Ministry of Home Affairs (MHA) might issue an advisory after an approval by the health ministry, according to a report by The Economic Times. Moneycontrol could not independently verify the story. CloseMalls, cinema halls and retail stores were closed during the nationwide lockdown to contain the spread of COVID-19. The lockdown began on March 25 and is scheduled to be lifted in May…
• Footpath can be completed
  07 May 2020, Timesofindia.indiatimes.com
  The road from Forum mall to Rain Tree Park has plans of beautiful footpaths on both sides.But both sides it is abandoned in incomplete state due to some influential vested interests.The footpath in the picture, on the Rain Tree Park side was completed only in patches, as Parsavanath developers was constructing a commercial complex right opposite Forum mall. They didn’t allow footpath in front of their site and GHMC meekly submitted to their undue demand compromising public interest.Due to lockdown, the construction is not happening now. I request KTR to instruct GHMC to complete these footpaths, during this lockdown…
• Malls, high street stare at 20% vacant space
  07 May 2020, Realty.economictimes.indiatimes.com
  Malls and high streets could be staring at 15-20% of vacant real estate space as many retailers are looking to shut unprofitable stores due to cash crunch on account of Covid-19, senior retail and real estate executives said.With new and stringent standard operating protocols (SOPs) in place, operating costs of retailers are expected to go up by 30%. “Rent accounts for 10-15% of overall fixed costs for us. New sanitation norms…
• Malls submit SOP to West Bengal CM for nod to resume operations
  07 May 2020, Timesofindia.indiatimes.com
  Managements of malls and shopping centres in Kolkata have laid out an elaborate SOP before CM Mamata Banerjee and pitched for them to resume operations in a calibrated manner. The document has also been submitted to the Union home ministry by the Shopping Centres Association of India (SCAI), the apex body of malls and shopping complexes in the country…
• Mall owners plead for consent to reopen
  07 May 2020, Telegraphindia.com
  Developers have written to the Prime Minister’s Office, Union home ministry and chief ministers seeking permission to open malls for at least limited time. The managements are ready to follow all hygiene protocols and run truncated operations…
• Chandigarh: Shopping malls body seeks phase-wise opening
  07 May 2020, Indianexpress.com
  The SCAI sought intervention of the government to support the shopping center industry and protect the livelihood of 12 million people as the fate of organised retail remains uncertain amid the COVID-19 lockdown.The Shopping Centers Association of India (SCAI) Wednesday reached out to the governments of Punjab, Haryana and the Chandigarh Administration with a set of standard operating procedures and guidelines for reopening of malls in the two states and the Uninn Territory…
• Shopping Centres reach out to Bengal Government, CM Office for phased-opening
  06 May 2020, Uniindia.com
  Amidst the absolute uncertainty and little respite coming from the government to provide relaxation to the shopping centres industry, the Shopping Centres Association of India (SCAI) has reached out to the State Government including the West Bengal Chief Minister Mamata Banerjee’s office and other relevant officials in the state with a set of SOPs and guidelines for the reopening of Malls in the country.SCAI has asserted and collectively with industry captains, endorsed the ability of shopping centres to enforce protocols in a far more efficient manner than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Ianslive.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region.In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation.While preparing the standard operating procedures, the SCAI has held several consultations with the captains of the industry as well as adopted global best practices to ensure that the spread of Covid-19 is contained…
• Coronavirus Outbreak: Shopping centers body approaches Punjab, Haryana govts for phased opening of malls; reiterates need for stringent SOPs
  06 May 2020, Firstpost.com
  The Shopping Centers Association of India (SCAI) has reached out to the governments of Punjab, Haryana and Union Territory of Chandigarh with a set of standard operating procedures and guidelines for reopening of malls in the twin states.A representation has also been sent to Chandigarh administrator VP Singh Badnore besides Punjab Chief Minister Amarinder Singh and his Haryana counterpart Manohar Lal Khattar, a SCAI release said here on Wednesday…
• SCAI says malls”reopening key to survival, comes up with SOPs
  06 May 2020, Outlookindia.com
  Shopping Centres Association of India”s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow…
• Shopping centers association approaches Punjab, Haryana govts for phased opening of malls
  06 May 2020, Outlookindia.com
  The Shopping Centers Association of India (SCAI) has reached out to the governments of Punjab, Haryana and Union Territory of Chandigarh with a set of standard operating procedures and guidelines for reopening of malls in the twin states.A representation has also been sent to Chandigarh Administrator V P Singh Badnore besides Punjab Chief minister Amarinder Singh and his Haryana counterpart Manohar Lal Khattar, a SCAI release said here on Wednesday…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Outlookindia.com
  Shopping centres body moves HC for reopening of mallsChandigarh, May 6 (IANS) The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region…
• Business Coronavirus Outbreak: Shopping centers body approaches Punjab, Haryana govts for phased opening of malls; reiterates need for stringent SOPs
  06 May 2020, Dailyhunt.in
  The Shopping Centers Association of India (SCAI) has reached out to the governments of Punjab, Haryana and Union Territory of Chandigarh with a set of standard operating procedures and guidelines for reopening of malls in the twin states.Representational image ReutersA representation has also been sent to Chandigarh administrator VP Singh Badnore besides Punjab Chief Minister Amarinder Singh and his Haryana counterpart Manohar Lal Khattar, a SCAI release said here on Wednesday…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Dailyhunt.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region…
• Shopping centres body seeks reopening of malls (LD)
  06 May 2020, Bhaskarlive.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centers association approaches Punjab, Haryana govts for phased opening of malls
  06 May 2020, Devdiscourse.com
  The Shopping Centers Association of India (SCAI) has reached out to the governments of Punjab, Haryana and Union Territory of Chandigarh with a setof standard operating procedures and guidelines for reopening of malls in the twin states. A representation has also been sent to Chandigarh Administrator V P Singh Badnore besidesPunjab Chief minister Amarinder Singh and his Haryana counterpart Manohar Lal Khattar, a SCAI release said here on Wednesday.The SCAI has endorsed the ability of shopping centers to enforce protocols in a “far more efficient manner” than many others who have benefited from the relaxation, the release said…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Socialnews.xyz
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Morungexpress.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Dailyworld.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Prokerala.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Daijiworld.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Indiaupdates.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Forevernews.in
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, Netindia123.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• Shopping centres body moves HC for reopening of malls
  06 May 2020, News.webindia123.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region. In a representation, the SCAI said the ability of shopping centres to enforce protocols is far more efficient than many others who have benefited from the relaxation…
• SCAI says malls’ reopening key to survival, comes up with SOPs
  06 May 2020, Npnews24.com
  Shopping Centres Association of India’s (SCAI) Chairman Amitabh Taneja has said that reopening of malls and shopping centres is the immediate need for the sector to survive the financial stress brought upon by the coronavirus pandemic and the nationwide lockdown.Speaking to IANS, Taneja said that the reopening needs to come at least by the end of May, and other relief including the extension of the loan repayment moratorium would have to follow…
• Shopping centres body seeks reopening of malls (LD)
  06 May 2020, Twistarticle.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region…
• Shopping centres body seeks reopening of malls
  06 May 2020, Ythisnews.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region…
• SCAI requested Haryana and Punjab governments for better SOPs
  06 May 2020, Wionews.com
  The Shopping Centers Association of India (SCAI) has requested governments twin states, Punjab and Haryana to ease down the restrictions of opening shops in the two states…
• Shopping Centres Body Urges Punjab, Haryana to Issue SOP For Reopening of Malls
  06 May 2020, India.com
  The Shopping Centres Association of India (SCAI) on Wednesday asked Punjab and Haryana governments and the Chandigarh administration to set standard operating procedures and guidelines for the reopening of malls in the region…
• Fear and loathing inshopping malls – the owners call for help in the fight for survival from the coronavirus crash
  06 May 2020, Businessinsider.in
  Malls in India continue to stay shut even in Lockdown 3.0 , which is drilling a deep hole into the pockets of retailers and owners. In a recent online session by the Shopping Center Association of India (SCAI), industry leaders called for malls to reopen in at least green zones. Experts suggested that malls should open up but in a measured manner and with precautions – food courts can have alternate seating tables, coffee shops should open with half occupancy etc…
• Singapore’s Mustafa Centre re-opens partially after coronavirus disinfection
  06 May 2020, Business-standard.com
  Singapore’s Indian-origin megamall Mustafa Centre reopened its supermarket on Wednesday, more than a month after it was closed due to the COVID-19 outbreak.Singapore has a total of 20,198 coronavirus cases with 18 deaths so far. A total of 124 coronavirus cases have been linked to the popular mall as of May 3, reported Channel News Asia…
• Retail malls most exposed segment amid lockdown: Ind-Ra
  06 May 2020, Indiainfoline.com
  India is under lockdown since March 25, 2020, to tackle rising Covid-19 cases.India Ratings believe that retail malls in the real estate segment would be most impacted amid COVID-lockdown.India is under lockdown since March 25, 2020, to tackle rising Covid-19 cases.In the first three weeks of the lockdown, Ind-Ra states that retail malls would be the most exposed segment, and the lingering effect retail malls would have on the economic growth and discretionary consumption in the next one to two years…
• Shopping centers association approaches Punjab, Haryana govts for phased opening of malls
  06 May 2020, Business-standard.com
  The Shopping Centers Association of India (SCAI) has reached out to the governments of Punjab, Haryana and Union Territory of Chandigarh with a set of standard operating procedures and guidelines for reopening of malls in the twin states…
• Open malls in 3 phases, multiplexes to come last: Malls body
  05 May 2020, Timesofindia.indiatimes.com
  Malls, as and when allowed to become operational, should open in three phases with the first phase including supermarket, infant’s clothing, electronics and salon, the Shopping Centers Association of India (SCAI) has proposed. In the second phase, it proposes food courts being opened. Multiplexes should be the last, it says…
• Open malls, shopping centres in phase manner, traders to Maharashtra to CM
  05 May 2020, Punekarnews.in
  Amidst the absolute uncertainty and little respite coming from the government to provide relaxation to the shopping centresindustry, the Shopping Centres Association of India (SCAI) has reached out to the State Government including the Maharashtra Chief Minister Uddhav Thackeray’s office and other relevant officials in the state with a set of SOPs and guidelines for the reopening of Malls in the country…
• Commercial space owners brace for pandemic impact
  05 May 2020, Dtnext.in
  Prashant Thakur, Director and Head – Research, Anarock Property Consultants, said it was too early to judge the impact on office space rentals in Chennai. “Long-term implications on office spaces will depend on how long COVID-19 continues to impact the world, including India.”…
• B’desh shopping malls to reopen ahead of Eid
  05 May 2020, Ianslive.in
  The Bangladesh government has allowed shopping malls to reopen from May 10 amid the COVID-19 pandemic and also laid down a series of conditions for the businesses to operate ahead of Eid-ul-Fitr…
• SCAI Virtual Roundtable Part II: Retail & Shopping Centres – Confidence Building Measures
  05 May 2020, Indiaretailing.com
  The Shopping Centres Association of India (SCAI), in continuation of its weekly custom webinar series, ‘SCAI Mondays’; organised a second virtual session titled ‘Retail & Shopping Centres: Confidence Building Measures’ on May 4, 2020. The webinar aimed at redressing the unprecedented challenges arising out of COVID-19 pandemic for India’s shopping centre development ecosystem. It focused on the measures of prepping to reopen shopping centres in India…
• Open malls in 3 phases, multiplexes to come last: Malls body
  05 May 2020, Retail.economictimes.indiatimes.com
  Malls, as and when allowed to become operational, should open in three phases with the first phase including supermarket, infant’s clothing, electronics and salon, the Shopping Centers Association of India (SCAI) has proposed. In the second phase, it proposes food courts being opened. Multiplexes should be the last, it says…
• Malls providing rebate on rents to retailers
  05 May 2020, Retail.economictimes.indiatimes.com
  If retailers were known for offering flat discounts and buy-now-pay-later options to customers, there’s been a role reversal during the coronavirus era, with malls now offering their tenants the same deals…
• DRDO develops UV disinfection tower for malls, airports and other crowded placec
  05 May 2020, Timesofindia.indiatimes.com
  Defence Research and Development Organisation (DRDO) has developed an Ultra Violet (UV) Disinfection Tower with an aim to rapidly disinfect high infection prone areas in a chemical free manner.The equipment — called UV blaster — is a UV-based area sanitiser that can be used to disinfect “high-tech surfaces” like electronic equipment, computers and other gadgets in laboratories and offices that are not suitable for disinfection with chemical methods…
• Retailers being offered rebates on rents
  05 May 2020, Economictimes.indiatimes.com
  Brigade Malls in Bengaluru is extending a 50% rebate on rent to its tenants from mid-March until its two malls reopen. Phoenix High Street Mall in Mumbai is giving retailers the option of paying March-June rents together in July, according to two top retail executives…
• Viviana Mall beats lockdown by entertaining people daily
  04 May 2020, Indiaretailing.com
  With the entire nation is in a state of lockdown, there is no denial of the fact that all leisure and entertainment activities have come to a full stop. In order to contain the spread of the coronavirus pandemic, all the malls, restaurants and other social gathering places have been shut…
• RBI holds meeting with banks, may extend moratorium by 90 more days
  03 May 2020, Indiaretailing.com
  On Friday, the government announced that India will now be under lockdown till May 17 with a complete ban on theatres, malls, hotels and bars. Banks have informed the Reserve Bank of India (RBI) that as most of the businesses are not expected to start before the end of the month, they won’t be able to pay the accumulated interest when the present moratorium ends on may 31…
• New guidelines good start for the economy, says retailers body
  03 May 2020, Retail.economictimes.indiatimes.com
  Terming the new notification by the Centre as a “good start to get the economy moving”, the Retailers Association of India has said it now looks forward to it being adopted by various state governments…
• Malls are reopening, with masks, social distancing and hand sanitizer-spritzing doormen
  02 May 2020, Washingtonpost.com
  More than a dozen states began emerging from their coronavirus lockdowns, leaving business owners, workers and consumers to decide what normal means now…
• America’s Retailers Return to Lure Virus-Weary Shoppers to Malls
  02 May 2020, Bloomberg.com
  As some U.S. states lift restrictions on businesses, the next several days are set to bring the biggest collective retail reopening since the coronavirus pandemic shuttered thousands of stores more than a month ago…
• World’s largest mall re-opens in Dubai but with fever checks and restrictions
  02 May 2020, Indianexpress.com
  Dubai Mall, which is touted as the world’s largest mall, re-opened this week under strict safeguards after being shut down for a month due to the coronavirus pandemic, which has claimed 238,663 lives worldwide so far. Clutching bags from designer boutiques in their gloved hands, customers are back at one of the world’s largest shopping havens after the United Arab Emirates (UAE) started easing Covid-19 restrictions…
• Only 4% say will visit malls post lockdown: Survey
  02 May 2020, Outlookindia.com
  More than three-fourth or 78 per cent consumers in a survey conducted among a little over thousand people in more than 200 districts want the government to permit e-commerce platforms to deliver all goods beyond essential items…
• Air, rail, metro & inter-state road movement to remain prohibited: schools, colleges, hotels, restaurants; cinema halls, malls to stay closed
  01 May 2020, Uniindia.com
  Air, rail, metro and inter-state movement by road will remain prohibited during the two-week extension of lockdown. According to the detailed guidelines issued by the MHA, schools, colleges, and other educational and training/ coaching institutions will continue to remain closed during this period…
• Karnataka plans to open malls and other commercial activities across the state
  01 May 2020, Indiaretailing.com
  The Karnataka government has indicated that it is planning to open shopping malls, a host of commercial and industrial activities across the state, except the containment zones, from May 4…
• A New Roadmap: How retailers are planning to revive their businesses
  01 May 2020, Indiaretailing.com
  Lockdown 2.0 is almost about to get over. There are clear indications that some pockets will soon open whereas some pockets will continue to remain shut. The retailers in green zone are gearing up to open their stores after getting a go ahead from the government…
• Covid-19: Karnataka plans to open malls, liquor outlets from May 4
  01 May 2020, Timesofindia.indiatimes.com
  The Karnataka government on Thursday sent out clear indications that it favours reopening most of commercial and industrial activities across the state, barring those in Covid-19 containment zones, from May 4, a day after the extended national lockdown is expected to end…
• NorthPark Center decides to open as Texas shopping remains a limited experience for now
  30 April 2020, Dallasnews.com
  Retailers and malls in Texas aren’t so sure you’re ready to shop, but Dallas’ NorthPark Center, Grapevine Mills, Garland’s Firewheel Town Center and outlet malls in Allen and Grand Prairie are giving it a try…
• India Today E-Conclave: What will shopping malls look like post coronavirus
  30 Apr 2020, Indiatoday.in
  The novel coronavirus pandemic has hit the global businesses hard as the restrictive measures and threat of virus transmission is keeping the consumers away from non-essential goods stores…
• 200 retailers say won’t reopen shops in malls that won’t give rental relief
  30 Apr 2020, Retail.economictimes.indiatimes.com
  Shopping centres in several top cities were shut for weeks even before the national lockdown started on March 25 to stem the spread of the novel coronavirus, and that severely dented their working capitals amid inventory pile-up, they said…
• Major malls to ignore tenants’ appeal for flat income sharing
  29 Apr 2020, Retail.economictimes.indiatimes.com
  Prominent malls said they will ignore or reject proposals from about 200 retail and restaurant tenants seeking move to a flat revenue-sharing model without payment of common area maintenance charges for nine months from March…
• Retailers, restaurant owners at loggerheads with mall owners, landlords over rentals amid coronavirus crisis
  29 Apr 2020, Businesstoday.in
  The coronavirus lockdown has brought businesses of retailers, restaurant owners, multiplexes as well as that of mall owners and other institutional landlords to a grinding halt. While the narrative of mall owners and the tenants has been one of collaboration and mutual support during this unusual crisis, there are murmurs of discontent. Several retailers and restaurant owners are unhappy for being billed by their landlords during the months of March and April when their revenue has been zero…
• Chandigarh: Double whammy for Elante mall store owners, zero revenue and high rents
  28 Apr 2020, Babushahi.com
  With earnings amounting to almost nothing, store owners at Elante Mall in Chandigarh are finding it hard to pay rent and salaries of employees during the national lockdown imposed to combat the COVID-19 pandemic…
• Financial package demanded for organised retail sector
  28 Apr 2020, Financialexpress.com
  The Shopping Centres Association of India (SCAI) has written to the RBI governor seeking a financial package for the organised retail sector that is reeling under the impact of Covid-19…
• Strategies For Malls To Engage Shoppers During Uncertain Times
  28 Apr 2020, Timesofindia.indiatimes.com
  The offline retail landscape has never been a static one. But it has perhaps never been as subject to constantly shifting trends and events as it is now, especially with COVID-19 moving from the backdrop to a full-frontal assault on the industry. These unpredictable times are spurring retailers to learn, unlearn, and relearn what retail customer engagement should be in a world of instant, continuous connections. And malls will be part of these transformations…
• Covid-19 impact: Organised retail sector staring at NPAs worth Rs 25,000 crore; industry sends SOS to PMO, FinMin
  27 Apr 2020, Cnbctv18.com
  The first to shut down and considered to be the last to open back amid Covid-19 outbreak, the organised retail players have together sent a detailed representation to the Prime Minister’s Office, Finance Ministry, RBI, Niti Aayog recently, sharing that close to one crore livelihoods are at stake and a prolonged shut-down could lead to defaults of about Rs 25,000 crore….
• As malls continue to stay shut, retailers turn to the government for support for rent waivers, GST concessions and more
  27 Apr 2020, Businessinsider.in
  Due to the coronavirus lockdown, life has come to a standstill in India. Malls, theatres and pubs have been shut even before the lockdown was in place in March to practice social distancing…
• Covid-19 impact: Organised retail sector staring at NPAs worth Rs 25,000 crore; industry sends SOS to PMO, FinMin
  27 Apr 2020, Cnbctv18.com
  The first to shut down and considered to be the last to open back amid Covid-19 outbreak, the organised retail players have together sent a detailed representation to the Prime Minister’s Office, Finance Ministry, RBI, Niti Aayog recently, sharing that close to one crore livelihoods are at stake and a prolonged shut-down could lead to defaults of about Rs 25,000 crore….
• Earning ‘nothing’, swish mall’s store owners want govt to waive rent
  27 Apr 2020, Indianexpress.com
  WITH UNCERTAINTY staring them in the face, store owners in one of Chandigarh’s biggest shopping malls — Elante Mall — see little hope of business resuming anytime soon…
• “Malls, Markets To Stay Shut”: Arvind Kejriwal On Centre’s Guidelines
  26 Apr 2020, Ndtv.com
  Malls and markets in Delhi will continue to remain shut and only standalone neighbourhood shops will be allowed to open, Chief Minister Arvind Kejriwal said this afternoon after the central government allowed an ease in the nationwide restrictions over coronavirus in a late-night order on Friday…
• Malls re-open in Dubai, but rent relief remains limited
  26 Apr 2020, Gulfnews.com
  Retailers at the majority of malls in Dubai, including those at the biggest shopping and leisure destinations, will be getting no rental relief after malls open this week. Their rental clock will start ticking again from the moment the gates open at these malls…
• Association for staggered opening of shopping centres in green zones
  25 Apr 2020, Thehindu.com
  The Shopping Centre Association of India has written to Prime Minister Narendra Modi requesting for staggered opening of such centres in the green zones to help sustain business and protect employment…
• Centre Allows Neighbourhood Shops To Open But Malls To Remain Closed
  25 Apr 2020, Outlookindia.com
  In a reprieve to public at large, the government on Friday night allowed opening of neighbourhood and stand alone shops, including those located in residential complexes within municipal areas, but at a 50 per cent strength and after taking necessary precautions…
• Forum Mall, Kormangala presents Colorama 2019, which goes Online for the Art Lovers
  25 Apr 2020, Indiannewz.com
  Forum Colorama goes online! Send us your kid’s artwork by 27th April 2020 and give them a chance to become the next Super Artist and win some exciting prizes!…
• Malls urge RBI action on loans to save industry from collapse
  23 Apr 2020, Livemint.com
  Indian malls have urged the Reserve Bank of India’s intervention to defer loan repayment demands from banks with many of the establishments pushed to the brink due to the impact of covid-induced lockdown…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Retail.economictimes.indiatimes.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Economictimes.indiatimes.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Outlookindia.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, In.news.yahoo.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Devdiscourse.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank.The Shopping Centres Association of India, which claims to be a top enabler of organised retail in the country by representing thousands of shopping centres, has also written to RBI Governor Shaktikanta Das seeking to extend the moratorium on loan payments at least till March 2021 and also loan recasts for the industry players…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Latestly.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Lockdown impact | Winning consumer confidence key: Mall owners
  23 Apr 2020, Moneycontrol.com
  Mall owners on April 21 participated in a webinar to discuss ways on how to deal with operational problems post-lockdown…
• How malls, movie theatres and restaurants plan to revive post-lockdown
  23 Apr 2020, Thenewsminute.com
  In the lifespan of the coronavirus pandemic so far, it became clear early on that social distancing was the best way to stop the spread of the virus. That meant urban community hang-out spots, like malls, restaurants and movie theatres, were among the first to close their doors…
• COVID-19: Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Udayavani.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Shopping centres’ body seeks moratorium on loan repayments till March 2021
  23 Apr 2020, Business-standard.com
  Shopping centres are heavily impacted by the coronavirus outbreak and the subsequent lockdown which may result in bank loans of over Rs 25,000 crore turning bad, an industry body said on Thursday, seeking relief measures from the Reserve Bank…
• Mall salesperson tests positive, police search for shoppers
  23 Apr 2020, Timesofindia.indiatimes.com
  PUNE: A salesman testing positive for Covid-19 compelled the civic authorities on Tuesday to seal the mall near Mhatre bridge where he worked and set a daunting task for police to trace all the people who had visited the facility in the past four days…
• Retailers eye revenue-share pact at malls
  22 Apr 2020, Retail.economictimes.indiatimes.com
  Around 75 retailers that operate 200 brands have written a letter to mall owners, seen by TOI, stating that revenue-share percentage should be a flat percentage depending on the category of stores. They suggested, for instance, revenue-sharing percentage for vanilla brands should be 10-12%, including common area maintenance (CAM), while for fast food brands and large format lifestyle stores, it should be 7-8%…
• Banks send notices to malls for loan repayment, says report
  22 Apr 2020, Cnbctv18.com
  Leading public sector banks have sent notices to mall owners across the country asking them for loan repayment, reported Business Standard. The notices, that invoke contractual obligations under the lease rental discounting (LRD) facility, come after fears emerged that these accounts might become non-performing assets, the report said…
• Loans of over Rs. 25,000 crore & a crore jobs at stake as hundreds of shopping centres face closure
  22 Apr 2020, Indiaretailing.com
  The Indian Shopping Centre Industry is reeling under the pressure of repayments to banks, even as revenue streams dry up and no relief seems to be coming from the government amid the coronavirus pandemic that has forced malls across the country to shut down for non-essential items. Since Food, Grocery, pharmacies and restaurants were allowed to operate for takeaways and deliveries for some part of the day, shopping centres housing such stores had to remain functional but at very high cost with additional overheads towards screening, sanitization and maintaining social distancing norms…
• Fearing NPAs, banks shoot off notices to malls for loan repayment
  22 Apr 2020, Business-standard.com
  Leading public sector banks (PSBs) have shot off letters to shopping mall owners, invoking contractual obligations under the lease rental discounting (LRD) facility for loan repayments…
• Shopping malls could take up to a year to return to normalcy
  21 Apr 2020, Livemint.com
  Shopping malls, an intrinsic part of urban India, may take up to a year to return to normalcy, and when they do, they are likely to operate in a very different avatar, say mall owners and retailers…
• On the brink: How a mall owner is coping with the pandemic
  21 Apr 2020, Livemint.com
  Select Citywalk Mall, housing 180 brands, used to get footfalls of close to 55,000 people on weekends before the covid-19 pandemic, which has now come down to 100…
• Covid-19 Impact: At malls, the last to recover will be cinema and eateries post lockdown
  21 Apr 2020, Retail.economictimes.indiatimes.com
  Cinemas and food & beverage (F&B), the two largest segments that attract footfall at malls will be hit the hardest within discretionary categories post lockdown, said leading companies, retailers and mall owners in a webinar organised by Retailers Association of India…
• Lockdown 2.0: Malls, eateries press reset button amidst Covid crisis
  21 Apr 2020, Business-standard.com
  Restaurants, malls and multiplex operators will increasingly look at restricted business hours, single shifts and contactless shopping and dining as they plot a road map to recovery once the nationwide lockdown is lifted…
• Kolkata retailers urge malls to waive rent
  21 Apr 2020, Realtyplusmag.com
  While retailers are relentlessly writing to malls to waive off rentals for the days that they could not operate, malls are unwilling to comply, both quoting different interpretations of the Force Majeure clause, which literally means an act of God…
• Fearing NPAs, banks shoot off notices to malls for loan repayment
  21 Apr 2020, Smartinvestor.business-standard.com
  Leading public sector banks (PSBs) have shot off letters to shopping mall owners, invoking contractual obligations under the lease rental discounting (LRD) facility for loan repayments…
• Jefferies consumer survey suggests prolonged pain for retail and travel
  21 Apr 2020, Livemint.com
  It’s fairly evident by now that the covid-19 outbreak will alter consumer behaviour dramatically. For investors, this will also call for a change in the way they look at consumer-related companies and their respective stocks…
• Titan, Aditya Birla Fashion, other jewellery and retail cos face corona carnage; earnings may fall this much
  21 Apr 2020, Financialexpress.com
  India’s retail sector is among the worst hit due to the coronavirus crisis with impact ringing loud from jewellery to apparels. As many companies are close to announcing their Q4 results, revenue declines in the range of 3-14% are likely across sectors, according to a report by HDFC Securities. “Impact on profitability (EBITDA) will be even higher given the high fixed cost base in business models,” the report said. Jewellery business, for instance, was already under pressure due to higher gold prices. Higher gold prices, coupled with a decline in wedding-based sales due to lockdown, will have a downward effect of 5-15% on jewellery players such as Titan, especially if the lockdown situation persists…
• Coronavirus: From retailers to e-tailers! global lessons India’s Kirana stores can learn to aid lockdown life
  21 Apr 2020, Businesstoday.in
  On March 24th, the central government ordered a national lockdown for 1.3 billion people. The announcement sent shockwaves across the nation, factories were closed, transportations were stopped, and millions of migrant workers tried to return home…
• Companies can’t sack employees during lockdown
  21 Apr 2020, Rediff.com
  ‘During the lockdown if you terminate your employee, then you will face action under the NDMA.’ ‘This will be the first time something like this will happen in the history of India.’…
• SCAI Develops Comprehensive EHS Guidelines (SoPs) For Organised Retail Industry To Contain Spread Of Covid-19
  20 Apr 2020, Nfapost.com
  The Shopping Centres Association of India (SCAI), a NPO (non-profit organisation) has been set up with the vision to engage in, and encourage, the development of the shopping centre industry in India, has welcomed the announcement of the Honourable Prime Minister to extend the lockdown till 3rd May, with the reassurance that the economy will open up gradually after 20th April…
• Kolkata: Stores, multiplexes urge malls to waive rent during lockdown
  20 Apr 2020, Timesofindia.indiatimes.com
  Operators of largeformat apparel, electronics and home retail stores,vanilla shops, restaurants and food courts have asked mall managements to waive the rent for the lockdown period…
• SCAI hails govt move to extend lockdown
  14 Apr 2020, Outlookindia.com
  Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained…
• SCAI hails govt move to extend lockdown
  14 Apr 2020, Businessinsider.in
  Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained…
• SCAI hails govt move to extend lockdown
  14 Apr 2020, Business-standard.com
  Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained…
• SCAI hails govt move to extend lockdown
  14 Apr 2020, Devdiscourse.com
  Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained.SCAI said in a statement that the government should intervene to support the industry and protect 12 million livelihoods that could be at risk as the fate of organised retail remains uncertain…
• SCAI hails govt move to extend lockdown
  14 Apr 2020, Latestly.com
  Shopping Centres Association of India (SCAI) on Tuesday hailed the government’s decision to extend lockdown but said malls should be allowed to operate after April 20 in those areas where coronavirus has been contained.SCAI said in a statement that the government should intervene to support the industry and protect 12 million livelihoods that could be at risk as the fate of organised retail remains uncertain…
• Shopping centers will need to invest afresh post lockdown: DLF Shopping Malls
  14 Apr 2020, Livemint.com
  Shopping centres will need to reinvest after the lockdown is lifted to ensure safety norms are adhered to, said Pushpa Bector, executive director of DLF Shopping Malls, and member Shopping Centres Association of India. She spoke to Mint about how the financial challenges for one of the biggest employers has increased amid the nationwide lockdown and social distancing norms…
• Malls request govt to extend moratorium on bank loan
  14 Apr 2020, Timesofindia.indiatimes.com
  Many of the biggest mall operators in India, including DLF, Nexus Malls and Phoenix, came together on Monday under the umbrella of the Shopping Centre Association of India (SCAI) to urge the RBI and the government to extend the moratorium on payment of bank loans by 9-12 months…
• Shopping centres seek help from financial institutions
  13 Apr 2020, Livemint.com
  Retailers and mall developers in India have sought government assistance as they fear jobs could be at risk with the authorities set to extend a 21-day nationwide lockdown…
• Mall operators seek Finance Ministry, IRDA intervention for bleeding business
  12 Apr 2020, Economictimes.indiatimes.com
  Struck hard by the ongoing Covid-19 pandemic, mall owners across the country have knocked on the doors of the finance ministry and Insurance Regulatory Development Authority (IRDA) to get insurance companies to cover business interruption insurance claims to offset losses suffered during the lockdown period…
• Mall developers wait for clarity as retailers push for modifying rent agreements
  11 Apr 2020, Livemint.com
  Mall developers and retailers are yet to find common ground on negotiating rentals, considering the business uncertainties owing to the countrywide lockdown…
• Cash flow is the biggest challenge for malls : Mall Owners
  25 March 2020, Retail4Growth.com
  Governments have ordered complete shut-down of shopping centres, malls, multiplexes/cinema halls amid coronavirus scare. Retailers and Malls have already started feeling the heat of the lockdown. A roundup of how the mall owners are reacting to the Covid-19 threat…
• Retail industry implores govt for respite from COVID-19 impact on biz
  20 March 2020, Indiantelevision.com
  Various state governments have ordered complete shut-down of shopping centres, malls, multiplexes/cinema halls etc. until 31 March 2020, in major metros like Mumbai, Pune, Bengaluru, Chennai, Gurugram and others following suit to arrest the spread of coronavirus…
• Covid-19: The effect on the shopping centre industry & what it’s doing to curb the impact
  20 March 2020, Indiaretailing.com
  Pursuant to declaration of Covid-19 as a ‘pandemic’ by the World Health Organisation (WHO), Government of India (GOI) has invoked the provisions of Section 2 of the Epidemic Disease Act, 1897 in order to curb its spread. Further, as a precautionary measure, as required to arrest the spread, various state governments have ordered complete shut-down of shopping centres, malls, multiplexes/ cinema halls etc. until March 31, 2020, in major metros like Mumbai, Pune, Bengaluru, Chennai, Gurugram and others following suit…
• Coronavirus: Retailers seek 3 months grace period for paying statutory dues
  19 March 2020, Outlookindia.com
  Retailers have urged the government to provide a three-month grace period for depositing statutory dues like GST, advance tax, income tax and provident fund as stores and malls are closed in several cities due to the Covid-19 outbreak…
• Retail industry reaches out to Government for respite from COVID-19 business impact
  20 March 2020, Dailyhunt.in
  “The fact that fears itself is contagious; it becomes a very tricky situation for all. The utmost priority is safety of people”. About measures undertaken by the industry, he says, “Today most of our malls are equipped to handle emergency situations and go through end number of audits and checks. Our members are personally making rounds of operational malls driving special sanitisation and cleanliness programs and ensure that we set benchmarks and assure all stakeholders of our commitment to fight the challenge in hand. We hope that the situation stabilizes and normalcy is restored at the soonest”…
• Coronavirus: Retailers seek 3 months grace period for paying statutory dues
  19 March 2020, Outlookindia.com
  Retailers have urged the government to provide a three-month grace period for depositing statutory dues like GST, advance tax, income tax and provident fund as stores and malls are closed in several cities due to the Covid-19 outbreak…

Strategies For Malls To Engage Shoppers During Uncertain Times

The offline retail landscape has never been a static one. But it has perhaps never been as subject to constantly shifting trends and events as it is now, especially with COVID-19 moving from the backdrop to a full-frontal assault on the industry. These unpredictable times are spurring retailers to learn, unlearn, and relearn what retail customer engagement should be in a world of instant, continuous connections. And malls will be part of these transformations… read more

Hyderabad: Pandemic to push back new malls by few years

With the retail sector suffering the hardest blow due to the Covid-19 pandemic, new malls, that were expected to hit the city market in 2020, could now take another five years to come up, said industry experts. Retail rentals too are likely to drop by 10% to 15%.
According to the data available with Anarock Property Consultants, Hyderabad was expected to see as many as seven malls, spanning over nearly 2 million square feet (sqft) area, this year… read more

Retail shops of Northeast seeks government help

The retail industry in the Northeast, hit hard by the Covid-19 pandemic with losses estimated at Rs 10,000 crore, is looking for government assistance while trying to keep the home and hearth of their employees going… read more

Which Shopping Malls Are Recovering Faster in China?

China’s retail traffic began to rebound in mid-February — but how can brands bank on this opportunity? Cosmose AI, an offline behavioral technology company, has analyzed offline retail traffic from January to March 2020. The study is based on data gathered from over 360,000 stores, including over 600 luxury and beauty brands, and major shopping malls in mainland China, Hong Kong, and Macau. Its clients include LVMH, Richemont, L’Oréal and Walmart, and more. The fresh data offers a glimpse into how brands can navigate the reality of China’s “revenge shopping” retail scene… read more

Simon Property Group plans to reopen 49 malls nationwide

With more U.S. states moving to ease restrictions on business, Simon Property Group plans this week to start reopening dozens of malls around the country that had closed due to the coronavirus… read more

Saudi malls fill again as kingdom eases coronavirus closures

Saudis began tentatively returning to shopping malls and open-air markets on Wednesday after authorities relaxed restrictions imposed to curb the spread of the novel coronavirus.Security guards took shoppers’ temperatures as a small number of visitors entered upscale malls in central Riyadh. A strong smell of sanitizer wafted through the homewares, cosmetic and clothing stores… read more

Malls Face Catastrophic Hit in Canada With Unpaid Rent Surging

Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail sector long after the pandemic ends… read more

With 100,000 stores set to close by 2025, mall owners face this legal hurdle next

Mall and shopping center owners around the country are getting ready to come face to face with a major legal hurdle: Co-tenancy clauses… read more

Retail in India: Bridging the online-offline gap

Internet Users in India increased from 500 million in 2018, to approximately 630 million by the end of 2019, and much of that growth was propelled by rural users which grew by a rate of 35% in that time period… read more

Covid-19 is crippling Indian restaurants and retailers—and it’s still early days

With more and more Indians avoiding crowded places as a precaution against the coronavirus outbreak, the retail and restaurant industries in India may be in for a nightmare… read more

Coronavirus | IMF projects 1.9% growth for India in 2020

The COVID-19 pandemic is having a “severe” effect on the world economy and is expected to cause a -3% change (i.e., a contraction) in global output in 2020, “much worse” than the 2008-09 financial crises, as per the International Monetary Fund’s (IMF) World Economic Outlook (WEO). India’s growth is expected to dip to 1.9% in 2020 and rebound to 7.4% in 2021, as per the WEO, which was released by the Fund on Tuesday… read more

Mall Meltdown Coming

Headlines were hyping up a retail apocalypse a few years back. But then 2020 hit. This is the real retail apocalypse, if we’ve ever seen one… read more

Three ways malls and department stores can survive the growing number of COVID-19 lockdowns

Many states are closing nonessential businesses and urging residents to shelter in place to prevent the spread of COVID-19. The measures are forcing malls, department stores and brick-and-mortar shops – already hard-hit by closures, bankruptcies and dwindling business – to transition to online-only sales and experiment with alternative delivery options, such as curbside pickup… read more

China’s retailers face hard truth: If you reopen, they won’t come

Shopping malls and stores in China have quickly reopened as the government promotes a return to business as usual, only to see consumers stay home and keep their purse strings tight or shop online. Customer traffic is “less than half of usual levels” said a worker at a Walmart store in a Shanghai suburb late last month. Shelves in the vegetable and meat departments were well stocked, but few shoppers passed through the aisles during the normally busy late-afternoon hours. Even with its online delivery service, “sales are not growing at all”, the worker said… read more

AAP plans 24×7 operation of malls, restaurants and shopping complexes

Party animals in Delhi are pushing hard to get the permission for a buzzing nightlife. Ever since Mumbai was allowed by the state government to operate malls, food joints, pubs, night clubs and restobars round the clock, the Delhiites seem more eager to see 24×7 party zones in the city… read more

Three sovereign funds look to invest $400 million in Prestige

Singapore’s sovereign wealth fund GIC, Qatar Investment Authority (QIA) and Abu Dhabi Investment Authority (ADIA) are in talks with Prestige Estates to invest about $400 million (Rs 2,880 crore) as part of the property developer’s plan to monetise some of its commercial office… read more

10 Best Shopping Malls and Markets in Africa

Modern shopping centres across Africa began to boom in the last decade, signifying the growing middle class across the continent and its increased spending power. Malls are becoming a growing phenomenon in urban cities, with South African giant retailers such as Shoprite and Game, as well as French retailer, Carrefour, being the go-to giant retailers in the growing consumer market. Top notch markets and shopping malls in Africa are being build everywhere… read more

How Shopping Centres Are Investing In Solar To Drive New Revenues

Australian shopping centres are transforming into power plants in response to rising electricity prices, easy access to capital and lower costs for renewable energy infrastructure… read more

Dubai shopping malls group reports business growth among 21 community malls participated in the spin & win promotion during the 25th edition of Dubai shopping festival

The Dubai Shopping Malls Group (DSMG), in collaboration with Dubai Festivals and Retail Establishment (DFRE), concluded a successful campaign for the 25th edition of Dubai Shopping Festival – ‘Spin & Win’, with an incredible response from the Dubai shoppers.  Increasing the base of daily winners proved to be a major catalyst for the growing shopper transactions during the promotional run and also impacted the overall sales positively within all the participating malls… read more

Ikea eyes shopping centre sites as part of expansion plan

The Swedish furniture retailer has already welcomed new staff to its property team from the wider business and it now aims to purchase the freehold of at least one shopping centre in Greater London, while also targeting others nationwide, Retail Week reported… read more

Mumbai set to become a maximum city from today

For a city that reputedly never sleeps Mumbai has found it hard to shop and party till late. That’s set to change from Monday, when newly relaxed laws kick in allowing many restaurants, fast food outlets and shopping malls to remain open round the clock… read more

Hyderabad to add 12 new malls by 2020 end

Hyderabad, which is witnessing an all-round growth in real estate-across office, residential and retail is now expected to have 12 new malls with over 4 mn-sq-ft area by the end of 2022, according to Anarock Retail, a real-estate consultancy and research company… read more

Virtual shopping mall from 2020

The Internet has had a radical impact on the way we shop, taking us beyond the traditional store and into a world where we choose what we buy by scrolling through images of the products on offer. But traditional retail could bounce back through the medium of virtual reality, thanks to virtual mall concept developed by the parent of Digital Mall of Asia (DMA), Yokeasia Malls Pvt. Ltd… read more

DLF invests Rs 100 crore on mall revamp to cater to millennials

“Our shoppers are mostly under 35. We want our malls to appeal to millennial shoppers. Interestingly, as many as 40 percent of footfalls in our malls are those of millennials,” said Pushpa Bector, Executive Director, DLF Shopping Malls… read more

H&M India sales up 43% at ₹1,490 crore

H&M’s fast fashion doesn’t seem to slowing down in India. For the year ended 30 November, 2019, the local arm of Swedish fashion retailer Hennes & Mauritz (H&M)—known for its affordable and trendy fashion—posted a 43% jump in sales touching nearly Rs1,500 crore, even as it opened fewer stores in the market and activated online sales though Myntra. To be sure, H&M Group that runs other brands such as COS, Monki, H&M Home, among others, follows a December to November financial year…
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‘There is no retail apocalypse’: Canada’s top shopping malls see sales growth

Many Canadian shopping malls are seeing sales growth as owners pour cash into non-retail amenities, such as entertainment spaces and unique food markets, in an attempt to retain and attract customers… read more

Jakarta to have four new shopping malls

Despite seeing a declining number of retailers, property developers are continuing to build new shopping malls in Jakarta… read more

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.