Saturday, December 29, 2012

OVER 55% MALLS IN DELHI- NCR ARE VACANT- ASSOCHAM SURVEY.

 As per the survey made by Associated Chamber of Commerce and industry of India (ASSOCHAM),over 555 Malls in Delhi-NCR are vacant partly due to economic 
slowdown,poor designing,lack of robust revenue generation model and location.

As per ASSOCHAM estimates, the total rate of vacancy malls in other cities are 
as follows:Mumbai-52%,Ahmdeabad-51%,Chennai-50%,Hyderabad-48% and 
Bangalore-45%. Even the rentals have shown sharp decline in rental values .
The sharpest decline is in Delhi-NCR by 60%,followed by Mumbai-58%,
Ahmedabad-55%,Chennai-54%,Hyderabad-52%,Bangalore-49%,Kolkata-45%
and Pune-42%,according to ASSOCHAM survey.

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