Indian retail which comprises of malls, multiplexes and others will be the new victim of corona virus. The reason governments asking malls and other outlets to shut down.

By Varun Singh

Indian retail will be facing a tough time now. The corona virus which has already derailed a lot of things, will now have a major impact on the retail business.

Amid the rising number of coronavirus cases in the country. The order of closure of malls and multiplexes across many top Indian cities by the respective state governments to prevent people congregating for any reason, has caused the organized retail scene in these cities to come to a grinding halt.

Only on Friday did the Maharashtra government decided that that certain places where the public congregates shall be closed.

Many offices have asked their staff to work from home so that they can avoid the deadly corona virus infection.

Also Read: Corona may hit Indian Real Estate hard

Anuj Kejriwal, MD & CEO – ANAROCK Retail says, “Wherever it has been mandated, there will be a high number of establishments that need to shut down for operations. Even short-term closures will have significant financial implications.”

The top 8 main Indian cities have 126 malls sprawling over more than 61 mn sq. ft. area, and more than 100 malls have multiplexes attached.

However, what matters more is that these establishments attract massive footfalls. In a health crisis like the coronavirus pandemic, shutting them down can be a major step forward in terms of harm-prevention.

CityNumber of MallsArea in Mn sq. ft.No. of Malls with Cinema
Ahmedabad624
Bangalore2410.521
Chennai116.29
Delhi/NCR331618
Hyderabad147.613
Kolkata72.37
Mumbai2411.823
Pune74.66
Grand Total12661101

Do Read more about Corona here

Leave a Reply
You May Also Like

3 Duplexes Comprising Of 18 Flats, 42 Parking, Sold In Worli For Rs 427 Crore

A total of three duplexes spread over five floors comprising of 18…

Survey of dilapidated buildings hampered due to Covid

Survey of cessed buildings located in South Mumbai is carried out every…

Covid19, builders offer free cancelation, no rentals

Covid19 that has put the entire country under lockdown has brought the…

Societies cannot stop tenants entry citing COVID

Housing societies are again in news, after banning domestic workers earlier, now…