Facebook Pixel Number Of 'Ghost Malls' Increases In Major Cities | The Morning Standard - Newspaper - Magzter.comでこの記事を読む

試す - 無料

Number Of 'Ghost Malls' Increases In Major Cities

The Morning Standard

|

May 08, 2024

OWING to growing preference towards online shopping and the advent of top 'Grade A' class shopping centres, number of ghost shopping malls, characterised by a vacancy rate exceeding 40%, rose from 57 in 2022 to 64 in 2023 across eight major cities, said real estate consultancy firm Knight Frank on Tuesday.

Number Of 'Ghost Malls' Increases In Major Cities

The consultant noted that there has been a sharp rise in low-performing retail assets with nearly 13.3 million square feet (mn sq ft) of retail shopping centre space categorised as ghost shopping centres.

There has been an increase of 238% year-on-year (YoY) in ghost shopping centres by gross leasable area (GLA) since 2022 in the prime markets. As a result of the rise in vacant spaces, Knight Frank estimates that loss of value to be at 6700 crore or $798 million in 2023.

The Morning Standard からのその他のストーリー

The Morning Standard

INDIA'S AI POWER PLAY

CAN THE NATION BUILD INTELLIGENCE ON ITS OWN TERMS?

time to read

6 mins

February 22, 2026

The Morning Standard

The Morning Standard

PIO lawyer argued against tariffs, celebrates 'victory'

AT the centre of the landmark US Supreme Court verdict striking down President Donald Trump's sweeping global tariffs is an Indian-origin lawyer who argued before America's highest court about the illegality of the levies.

time to read

1 min

February 22, 2026

The Morning Standard

UP police agree to probe hate crime

THE Uttar Pradesh Police has agreed to investigate the hate crime offence against Kazeem Ahmad Sherwani, a Noidabased Muslim cleric, who was allegedly attacked in 2021 over religious identity.

time to read

1 min

February 22, 2026

The Morning Standard

Court directs DDA to clear lawyers' dues

THE Delhi High Court has directed the Delhi Development Authority (DDA) to clear longpending professional dues of an advocate along with 9% annual interest, calculated from the date each bill became due.

time to read

1 min

February 22, 2026

The Morning Standard

KLAEBO FIRST ATHLETE TO WIN SIX GOLDS AT WINTER OLY

Norway's Johannes Hoesflot Klaebo (pic) skis on his way to cross the finish line to win gold in the men's cross country 50 km mass start final event of the Milano Cortina 2026 Winter Olympic Games at Tesero Cross-Country Skiing Stadium in Lago di Tesero (Val di Fiemme) on Saturday.

time to read

1 min

February 22, 2026

The Morning Standard

The Morning Standard

'AYURVEDIC CURE TO CHRONIC DISEASE OF CORRUPTION, LAND MAFIA'

BIHAR'S Deputy Chief Minister Vijay Kumar Sinha, who holds revenue and land reforms portfolio, told Rajesh Kumar Thakur in an exclusive interview that the NDA government has zero tolerance for corruption in land-related matters.

time to read

3 mins

February 22, 2026

The Morning Standard

The Morning Standard

India must control and regulate its AI systems: Sikka

INDIA should avoid building its artificial intelligence capabilities on systems it neither controls nor regulates, Vishal Sikka said on Friday, urging the country to steadily develop its own AI stack.

time to read

1 min

February 22, 2026

The Morning Standard

The Morning Standard

Day after, Trump jacks up global tariff to 15 pc

Indian exporters uncertain about the actual quantum of levy; govt studying the situation

time to read

2 mins

February 22, 2026

The Morning Standard

The Morning Standard

After uncertainty, KBFC game to go ahead

JUST as the Kerala Blasters fans were excitedly waiting to welcome their beloved players back, abig controversy erupted before Sunday’s match against Mumbai City FC.

time to read

1 mins

February 22, 2026

The Morning Standard

... Rahul, Kharge say trade deal has become an ‘ordeal’

AFTER the US Supreme Court struck down a huge chunk of President Donald Trump’s global tariffs, the Congress on Saturday intensified its attack on the Modi government, questioning why it had signed the trade deal in haste.

time to read

1 mins

February 22, 2026

Listen

Translate

Share

-
+

Change font size