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The new supply of retail space in shopping malls increased 72 percent last year to 59.48 lakh square feet across eight major cities to meet rising demand from retailers, according to Cushman & Wakefield. In 2023, as many as 11 shopping malls became operational, covering 59,48,395 square feet of space across the top eight cities. In the previous year, nine malls came into eight markets, totalling 34,49,222 square feet area.

The new supply of retail space in shopping malls increased 72 percent last year to 59.48 lakh square feet across eight major cities to meet rising demand from retailers, according to Cushman & Wakefield. In 2023, as many as 11 shopping malls became operational, covering 59,48,395 square feet of space across the top eight cities. In the previous year, nine malls came into eight markets, totalling 34,49,222 square feet area.

Retail Real Estate Industry: Malls are expected to attract investment of more than '20,000 crore over the next 3-4 years as the country's biggest mall developers, DLF, Prestige and Phoenix, have entered the next phase of expansion as almost all top retailers are expanding their store count.

Malls are expected to attract investment of more than '20,000 crore over the next 3-4 years as the country's biggest mall developers, DLF, Prestige and Phoenix, have entered the next phase of expansion as almost all top retailers are expanding their store count.

Down to Earth - Fiji Fire (Native Bongo Chili Hot Sauce) has been recognised as a finalist for the prestigious Naturally Good Awards 2023.