Over the Next Three to Four Years, the Area of Shopping Malls Is Expected to Increase by 35%. Crisil Ratings

Prominent research organization Crisil Ratings predicted that over the next three to four years, the amount of area devoted to shopping malls in the nation would rise by 35 percent.

The research group said in a study on Wednesday that the organized retail space is expected to increase by 30 to 35 million square feet

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Demand resilience across industries and regions is projected to support the retail rebound.

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According to the research, ongoing investor interest in Shopping malls and new assets will support the area increase.

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The credit risk profiles of mall owners will remain steady as a result, along with acceptable balance sheets.

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The reasons for the sizable addition are two-fold. Firstly, resumption of work on new supply which was stalled during the pandemic.

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