July 4, 2008, 11:51 am
Malls Culture In India
Added on:
2008-01-23
Country:
India
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Description:
There is hardly any part in Delhi which may not have a Mall. Mall culture is increasing fastly in the Delhi's Adjoing Ghaziabad. According to an estimate more that 24 malls would have been opened in Ghaziabad during next two years. At present eight Malls in Indirapuram and seven each in Vaishali and Kaushambi are under construction. As per the study of ASSOCHAM 100 new malls shall be operative in India during 2008. According to another study, during the last year malls had spread over 4 lakh sq.ft land throughout India with the pace this culture is approaching to two and three tier cities, two lakh sq.ft. Of land would have been added to this figure by end of this year.
According to report of Jones Lang La-Sella Meghraj most of the Malls are in Delhi and Mumbai, despite it there are still more possibilities of the same in these cities. It has been estimated in the report "Geography of Opportunity: The India 50" that by end of 2008-09 around one lakh sq.ft. Mall in Delhi and one & a half lakh sq.ft. mall in Mumbai would have been constructed on land. Rest part of malls area shall be completed from the malls being constructed in cities like Chandigarh, Ludhiana, Jaipur, Meerut, Lucknow and Kochi etc.
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