5 Facts About India's Ghost Shopping Malls

Zee Media Bureau
Jun 28, 2024

Repurposing ghost malls

It can be challenging due to regulatory obstacles such strata ownership, permit conversions, zoning restrictions, and budgetary limitations.

Maximum ghost malls City

With 21 ghost retail centers, Delhi-NCR has the largest concentration, followed by Bengaluru (12), Mumbai (10), Kolkata (6), Hyderabad (5), Ahmedabad (4), Chennai (3), and Pune (3).

NCR, Mumbai, Pune assets demolished

Some low-quality malls in NCR, Mumbai, and Pune were demolished to build new homes due to high demand since the pandemic, according to Knight Frank India's report.

Why don't shoppers prefer Grade C malls?

A decrease in customer foot traffic can also be attributed to unattractive brands, poor management, poor upkeep, inadequate infrastructure, and uninviting exteriors.

Ghost Shopping Centers

64 retail centers totaling over 13.3 million square feet of gross leasable area have been designated as "Ghost Shopping Centers" as of 2023.

What are ghost malls?

Malls that operate poorly and have above 40% vacancy are known as "ghost shopping malls." There are now 63 of these malls in eight major cities, up from 57 in 2022.

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