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Press

    • 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…

 

 

    • 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…

 

 

    • 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…

 

 

    • 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”…

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