Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India's retail growth and mall consumption surge.
Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India's retail growth and mall consumption surge.
Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India's retail growth and mall consumption surge.
Building a mall is a capital-intensive business and achieving break-even can take over five-seven years. Also, bigger the city, the more expensive is the development. Even the recovery of investment takes a longer duration. But smaller cities with an aspiring consumer base can change this equation in favour of developers.
Average rentals in malls appreciated nearly 15% year-on-year in 2022, surpassing pre-pandemic levels. Bengaluru registered the highest uptick in rentals in 2022 at around 27%, followed by Kolkata at 20%.
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