DELHI .... RETAIL CAPITAL in 2007 .. But will these Malls survive?
- Delhi and NCR by 2007 will have 50 malls with retail space of more than 22 million sq ft
- Mumbai which will have 42 malls and retail space of 19 million sq ft
- Bangalore will have 14 malls and six million sq ft
- Kolkata will number four on the chart with 13 malls and more than four million sq ft of space
-- FMCG --
But the biggest question at hand is: When will these 50 malls in NCR break even ? Its not all about opening hundreds of malls, when the customers only visit for window shopping or Bird Watching. When will the large footfalls on weekends convert to sales ?
posted by MarkOUT at 5:39 PM
4 Comments:
According to the NCAER report, the size of middle class, who has high disposable income is increasing every year. These are the people who will be actually buy from Malls.
Also, Indian average population age is 25, which is one of the youngest in the world. With that as economy will rise, there will be more job oppurtunities for these young people, which means more income to spend.
It will take time to change the mindset of people visting malls for only for window shopping and bird watching. With time we will see a change in thinking.
But we will have to wait for it
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