Tag: Shopping Malls

Shopping Malls to Replace Vacant IT Buildings in Chennai

Gaining the permission from Chennai Metropolitan Development Authority developers are planning to convert the vacant IT buildings to shopping malls. Considering the petitions filed by the builders who have vacant IT buildings, Chennai Metropolitan Development Authority finally granted permission for converting them into shopping malls. This could have made the developers breathe air of relaxation.

Shopping Malls see increasing vacant space

Vacancy rate in shopping malls is moving upward. Industry experts say that this is because of the indiscriminate launches of new shopping malls. According to some recent reports, vacancy rates in shopping malls have reached almost 30%. The mall owners are now finding it hard to gain takers for the vacant space.

Prestige Group Gives Indian Malls The 5-Star Treatment

IN the great malling of India, few developers are as well equipped to talk about retail success as Irfan Razack, the man behind Bangalore’s The Forum mall. Razack heads the Prestige Group, built The Forum in 2004 and while there may be bigger and glitzier malls across India, it continues to set the retail standard, […]

Indian Real Estate – Ever-Expanding Territories

Real estate market in India is on the upswing while builders in India are rapidly investing in all the parts of the country. New constructions in this field are into an all-time growth. Indian property developers are buying plots in large number for construction of townships and residential complexes. A study of the market trends […]

Lippo To Invest In Asia

Indonesian company Lippo Group declared that it is not discouraged by a slump in Asian property markets and increasing financing costs, and decides to invest ten billion dollar on projects and acquisitions over the next half decade. The group is aiming various kind of projects such as retail, residential, hospital and hotel projects, and also […]