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.