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Covid-19 pandemic: Shopping mall owners' income dips around 50 pc in FY21

Shopping mall owners revenue declined by around 50 per cent during the last fiscal as the retail sector was badly hit since the outbreak of the COVID-19 pandemic in March last year, according to real estate developers and consultants.
Average monthly rentals in shopping centres have softened by 4-5 per cent across eight cities, although many malls saw rent correction of up to 25 per cent, they said.
Most of the mall owners, which generally leases space in their shopping malls on a revenue-sharing model with retailers having a minimum guarantee clause, gave complete rental waiver during the April-June period of 2020 because of the nationwide lockdown to control COVID. ....

Harshvardhan Singh , Shubhranshu Pani , Abhishek Bansal , Cushman Wakefield , Pankaj Renjhen , Executive Director Abhishek Bansal , Harsh Bansal , Anarock Retail , Savills India , ஹர்ஷிவர்தான் சிங் , ஷுப்ராஞ்ஷு பானி , அபிஷேக் பன்சால் , குஷ்மேன் வேக்ஃபீல்ட் , கடுமையான பன்சால் ,

COVID-19: Shopping mall owners' income dips around 50 pc in FY21 on rental waiver

COVID-19: Shopping mall owners income dips around 50 pc in FY21 on rental waiver
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Last Updated: May 10, 2021, 09:19 PM IST
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Most of the mall owners, which generally leases space in their shopping malls on a revenue-sharing model with retailers having a minimum guarantee clause, gave complete rental waiver during the April-June period of 2020 because of the nationwide lockdown to control COVID.
Agencies
Average monthly rentals in shopping centres have softened by 4-5 per cent across eight cities, although many malls saw rent correction of up to 25 per cent, they said.
Shopping mall owners revenue declined by around 50 per cent during the last fiscal as the retail sector was badly hit since the outbreak of the COVID-19 pandemic in March last year, according to real estate developers and consultants. Average monthly rentals in shopping centres have softened by 4-5 per cent across eight cities, although many malls saw rent correc ....

Harshvardhan Singh , Shubhranshu Pani , Abhishek Bansal , Cushman Wakefield , Pankaj Renjhen , Executive Director Abhishek Bansal , Harsh Bansal , Anarock Retail , Savills India , ஹர்ஷிவர்தான் சிங் , ஷுப்ராஞ்ஷு பானி , அபிஷேக் பன்சால் , குஷ்மேன் வேக்ஃபீல்ட் , கடுமையான பன்சால் ,

COVID-19 impact: Shopping mall owners' revenue fell nearly 50% in FY21

COVID-19 impact: Shopping mall owners revenue fell nearly 50% in FY21
Average monthly rentals in shopping centres have softened by 4-5 per cent across eight cities, although many malls saw rent correction of up to 25 per cent, according to real estate developers and consultants
PTI | May 10, 2021 | Updated 22:27 IST
The mall promoters offered huge discounts during the remaining nine months of the last fiscal as well, resulting in a huge dent in their overall income
Shopping mall owners revenue declined by around 50 per cent during the last fiscal as the retail sector was badly hit since the outbreak of the COVID-19 pandemic in March last year, according to real estate developers and consultants. Average monthly rentals in shopping centres have softened by 4-5 per cent across eight cities, although many malls saw rent correction of up to 25 per cent, they said. ....

Harshvardhan Singh , Shubhranshu Pani , Abhishek Bansal , Cushman Wakefield , Pankaj Renjhen , Executive Director Abhishek Bansal , Harsh Bansal , Anarock Retail , Savills India , ஹர்ஷிவர்தான் சிங் , ஷுப்ராஞ்ஷு பானி , அபிஷேக் பன்சால் , குஷ்மேன் வேக்ஃபீல்ட் , கடுமையான பன்சால் ,

Two Day Corona Vaccine Camp Organize in Ward 57 in Ludhiana Central

Two Day Corona Vaccine Camp Organize in Ward 57 in Ludhiana Central
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Amit Gupta , Ashok Kumar , Indra Agarwal , Nath Bhatia , Gulshan Goel , Mukhtar Ansari , Kumar Gogi , Diwyank Goel , Monica Mahajan , Surinder Advani , Ajay Kumar , Bittu Bhatia , Manju Agarwal , Tarsem Agarwal , Harish Bansal , District Health , Central Ludhiana , Free Corona , Shivaji City , Harcharan City , Ranjit Singh Park , Prana Nath Bhatia , District Executive , Victory Kumar Gogi , Anil Walia , Siddhartha Jindal ,

Indian jewelers break Guinness World Records titles for most diamonds in a ring: Pick your favorite

Indian jewelers break Guinness World Records titles for most diamonds in a ring: Pick your favorite
Updated Feb 02, 2021;
Posted Feb 02, 2021
Harshit Bansal, jeweler and founder of Renani Jewels in Meerut, India, broke the Guinness World Records title for the most diamonds set in one ring, Nov. 30, 2020. (Guinness World Records)
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Harshit Bansal, a jeweler and founder of Renani Jewels in Meerut, India, has broken a dazzling Guinness World Records title for the most diamonds set in one ring.
He was given the official record Nov. 30 for his ornate floral design using 12,638 of 38.08 carat diamonds, as stated in a news article from Guinness World Records. ....

Harshit Bansal , Kotti Srikanth , Renani Jewels , Guinness World Records , Guinness World , Diamond Store , Hallmark Jewellers , கடுமையான பன்சால் , கோட்டி ஸ்ரீகாந்த் , கின்னஸ் உலகம் பதிவுகள் , கின்னஸ் உலகம் , வைரம் கடை , தனிச்சிறப்பு நகைக்கடைக்காரர்கள் ,