In­dia’s Mush­room­ing Mallscape

Images Retail - - COVER STORY -

The Great In­dian Mall Boom be­gan in­nocu­ously enough in the early 2000s, with just three malls in ex­is­tence in the en­tire coun­try. The rest is, as they say, his­tory as In­dian shop­pers slowly but surely de­vel­oped a pen­chant for shop­ping in clean, vi­brant, cli­mate-con­trolled and highly en­abled malls rather than in the usual ‘ki­rana’ shops and scat­tered in­di­vid­ual stores.

Ac­cord­ing to the Anarock re­port, de­spite many hic­cups, in­clud­ing the re­ces­sion of 2007-2008 and the ad­vent of e-com­merce busi­nesses, the num­bers vouch­safe that In­dian malls are def­i­nitely here to stay. By 2017-end, there were more than 600 op­er­a­tional malls across the coun­try. In­ter­est­ingly, more

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