In this issue

2018 turned out to be an outstanding year for the Indian
Shopping Mall Industry. Not only did the year witness the
restructuring of malls in India as FECs but it was also the
year when malls took to technology seriously, adopting
new facilities and upgrading existing ones – all towards
consumer convenience.
Even as the overall economy struggled, and the retail
industry was rife with rumours of ‘the shopping mall
is dead’, stakeholders understood the importance of
developing multichannel retailing and adopted the practice
with vigour, leaving behind traditional methods. This led
to a remarkable shift in the Indian Shopping Mall Industry.
With fundamental growth drivers of the retail sector staying
intact – rising disposable income, rapid urbanization,
increasing purchasing power – global investors and
shopping mall developers remain bullish on the sector.
Bigger malls –both in terms of space and services – were
launched, while older malls decided to reinvent themselves.
The industry was drawn towards a new consumer set
– Tier II cities. A large number of malls and investors
turned focus on the South and East of India. Cities
including Bhubaneswar, Siliguri, Rourkela, Ranchi, Patna,
Thane, Pune, Ludhiana, Kochi and Nagpur witnessed an
incline in retail and malls in their region. Saturation of the
metros due to limited space availability, mounting rental
values and escalating infrastructure issues fuelled retail
growth in smaller cities like Ahmedabad, Bhubaneshwar,
Thiruvananthapuram, Jaipur, Lucknow, to name just a few.
The December 2018-January 2019 year-ender edition of
Shopping Centre News, took an in-depth look at the Indian
retail real estate sector, including a deep dive into what
malls did right in 2018 and how they are gearing up for
2019. Heads of leading Indian malls outline all experiences
and innovations they have been and will be working on in
2019 to lure the consumer, keep him spending and turn
him loyal.

The State Of Indian Retail Real Estate In 2018 & How Malls Are Gearing Up For 2019

The overall retail market in India 2018 stood at 43,251 billion and is forecast to grow by 6.4 percent CAGR in 2018-2023. GDP growth and contained inflation are generally considered panacea for most real estate woes. However, it took a lot more than that for real estate to retain even a semblance of an even keel in 2018…

3 mins

Big Box Formats, Tier II Cities To Drive Retail Real Estate In 2019

Retail real estate in India has played a primary role in setting the pace for retail revolution in the country. It was only with the launch of shopping centres that India has seen brands blooming, encouraging young entrepreneurs to launch new brands and foreign companies to foray into India…

10+ mins

The Future Of The Indian Mall Industry: From Shopping Centres To FECs

While movie theaters and malls have been pairing up for years, today shopping centre operators are increasingly shifting focus to entertainment options, particularly in the last few years. This is in line with the new and modern strategies they are formulating to keep up with changing consumer dynamics…

10+ mins

Korum Mall: Bringing An Unparalleled International Shopping Experience To Thane

Being a pioneer in the shopping mall format in Thane, Korum has witnessed how the city has inculcated the growing mall culture and trends in the last decade. It continues to provide a differential experience…

5 mins

Read all stories from Shopping Centre News

Shopping Centre News Magazine Description:

Shopping Centre News magazine – launched at the India Shopping Centre Forum on March 18, 2008 – is currently in its 11th year of publication. In its decade+ journey, the publication continues to thrive as a knowledge resource center that collects, analyses and disseminates information on the rich Indian shopping centre industry.

The mission of the magazine is to encourage the development and spread of sophisticated management paradigms and maintenance methods, keeping in context global benchmarks of the mall industry. The monthly magazine also provides a body of focused research into the architecture, aesthetic and design aspects of shopping centres.

The magazine – which is the foremost, most authoritative publication for the shopping centre industry in India – is now available every month and in an all new format. It will continue to act as a bridge between the shopping centre developers and the retail community to help forge a mutually profitable relationship.

Shopping Centre News’ subscribers include everyone from CEOs, to marketing, leasing and fund managers to retailers, architects and retail designers. For those who want to keep up-to-date across the latest developments and events in the world of shopping centres, the magazine is a must-subscribe.