7 Facts About India's Ghost Shopping Malls
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7 Facts About India's Ghost Shopping Malls

Malkit
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Explore 7 intriguing facts about India's ghost shopping malls, abandoned and eerie. Discover the mysteries behind these deserted retail spaces.
7 Facts About India's Ghost Shopping MallsExplore 7 intriguing facts about India's ghost shopping malls, abandoned and eerie. Discover the mysteries behind these deserted retail spaces.
High Vacancy Rates: Ghost malls have over 40% vacancy, increasing to 64 malls in 2023​.
7 Facts About India's Ghost Shopping MallsHigh Vacancy Rates: Ghost malls have over 40% vacancy, increasing to 64 malls in 2023​.
Rising Numbers: From 57 in 2022, the number of ghost malls surged to 64 in 2023​​.
7 Facts About India's Ghost Shopping MallsRising Numbers: From 57 in 2022, the number of ghost malls surged to 64 in 2023​​.
Major Cities Affected: Delhi-NCR, Mumbai, and Bengaluru have the highest number of ghost malls​.
7 Facts About India's Ghost Shopping MallsMajor Cities Affected: Delhi-NCR, Mumbai, and Bengaluru have the highest number of ghost malls​.
Reasons for Decline: Preference for online shopping and Grade A malls over poorly maintained malls​​.
7 Facts About India's Ghost Shopping MallsReasons for Decline: Preference for online shopping and Grade A malls over poorly maintained malls​​.
Financial Impact: Approximately $798 million (Rs 6,700 crore) is trapped in these non-performing malls​.
7 Facts About India's Ghost Shopping MallsFinancial Impact: Approximately $798 million (Rs 6,700 crore) is trapped in these non-performing malls​.
Demolition for Residential Use: Some ghost malls in Tier 1 cities are demolished to develop residential projects​​.
7 Facts About India's Ghost Shopping MallsDemolition for Residential Use: Some ghost malls in Tier 1 cities are demolished to develop residential projects​​.
Challenges in Repurposing: Regulatory hurdles and financial constraints make repurposing these malls difficult​​.
7 Facts About India's Ghost Shopping MallsChallenges in Repurposing: Regulatory hurdles and financial constraints make repurposing these malls difficult​​.

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