Why malls across India are shutting down
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Oct 31
Good analysis. But what is public interest in the failure of business by a Mall? It is just a case of success or failure in a business venture. more
Sep 19
This is the business of black money people now they invested let us say 1000 crore unaccounted money and built this mall. now what they need is some white money for their life time income with out any spending from their pocket. Now they escaped from PM Shri Narendra Modi'jis demonetization of 1000 and 500 which otherwise they would have to scrap now. more
Jun 15
Have seen kids in slums come to play in the escalator next door. They were booing my daughter. It was un comfortable, coming too close / pushing, running, creating a racket of noise - all the time. Ultimately the anchor shops moved out, and mall is under constant renovation ever since. more
Jun 14
The reasons listed above are not the reason for closing down in INDIA the 90 percent population is below average income earner they count every rupee they spent even rich people in upper income do have constraint in lavish spending in India. when it comes their child education or marriage or construction their own house they are left with no other choice to control on their lavishness. If some one earn in DOllar could afford that too if the earner is not counting dollar in rupee if he is also from a stingy family his parents do not allow him to spent in dollar. I have a friend whos son is working in MICROSOFT and earn from Microsoft but his circle all the systems run with pirated windows. that is INDIAN economy - all will pull down shutters in INDIA like the Massive infrastructure of IT Parks in INDIA as the IT any one can work from home and do a project with the help of INternet. and not huge rent and infrastructure is required like an AUTOMOBILE FIELD or INSTRUMENTATION FIELD OR CIVIL FIELD. So MALLS will FALL shortly IN INDIA and they must selling in par with a road side vendor . no premium will be paid by the indian people for AC, LIGHTING, ESCALATOR, LIFTS etc etc People like to visit MALLS not for even having a cup of tea if the tea is priced above average price in that locality may be 1% population will continue but that wont even help the vendors to meet their daily variable cost like electricity, labour, maintenance expense etc. etc more
Jun 15
