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India's Mall Boom

India Street comments on the mall boom in India and wonders if its too much, too fast.
India is all set for a boom in big format malls. It has come into the notice of The India Street that 20 such malls are planned through the country, each covering an area of over 1 million sq ft, are at various stages of construction.

According to sources, in the NCR region, Unitech's Great India Place is coming up with retail space of 1 million sq ft. In addition, DLF too is building a 1.5 million sq ft mall on 14 acres in Sector 18, Noida.

Theoretically speaking, DLF's Mall of India along NH-8 in Gurgaon will be a 3.6 million sq ft mall spread over 32 acres. Initial signs are that the Mall of India will have a big entertainment area, big city town squares, perfectly zoned and giving a total retail experience, besides foods and beverage offerings.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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