New malls: 11 mil­lion sq ft to be built in 2017

Hindustan Times (Chandigarh) - Estates - - ESTATES - HT Es­tates Cor­re­spon­dent ht­es­tates@hin­dus­tan­

The cur­rent pipe­line of mall sup­ply for 2017 looks strong with ap­prox­i­mately 11 mil­lion square foot (msf) of mall sup­ply ex­pected to be­come op­er­a­tional across the eight cities. Hy­der­abad, which is among the least-pen­e­trated mar­kets, will likely wit­ness the high­est sup­ply of malls dur­ing the year. Span­ning 2.6 msf, eight malls are likely to be­come op­er­a­tional in Hy­der­abad dur­ing 2017. While these malls would be spread across the city, ma­jor­ity of the malls would be seen in the north-west quad­rant in lo­ca­tions such as Kon­da­pur, Gachi­bowli and Chan­dana­gar, says a new re­port by Cush­man & Wake­field. Fol­low­ing closely on the heels of Hy­der­abad is Chen­nai that is likely to see sup­ply of 2.5 msf dur­ing 2017, it adds.

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