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Shopping mall owners to build new projects; looking for acquisition despite COVID-19

Shopping mall owners are bullish about growth prospects of India's retail sector despite the disruption caused by the COVID-19 pandemic and will continue to build new projects as well as look for acquisition to expand their businesses, according to...

DLF transfers Noida mall to its subsidiary for 2,950 crore

Realty major DLF Thursday said it has transferred shopping mall in Noida, Uttar Pradesh, to its subsidiary firm for Rs 2,950 crore, as part of efforts to settle dues of its joint venture firm with GIC. DLF has to...

Family Entertainment Centres: Malls blend retail & entertainment into winning proposition

The Indian shopping centre industry has been under continuous dynamic transformation since 2000. In the year 2001, there were only three malls in India. The number increased to 343 by 2007. As of 2017, India has more than 600...

Family Entertainment Centres: Malls blend retail & entertainment into winning proposition

The Indian shopping centre industry has been under continuous dynamic transformation since 2000. In the year 2001, there were only three malls in India. The number increased to 343 by 2007. As of 2017, India has more than 600...

Parking Woes: Can We ‘Park’ This Issue Once and For All?

While mall operators argue that parking facilities incur operating and maintenance expenses and they cannot provide parking free-of-cost, this is not the first time that the issue finds itself under legal and civil scrutiny in India. A recent Hyderabad High...

DLF receives environment clearance for Rs 240 cr commercial project in Goa

India's largest realty firm DLF has received the environment clearance for its Rs 240 crore commercial project which is to come up in Patto village, Goa. According to a PTI report: The proposed commercial complex, to be constructed on a...

PVR aims to acquire 100 more screens in 2017

Multiplex chain operator PVR, which acquired DT Cinemas last year, is scouting for more acquisition opportunities as it plans to add over 100 more screens by the end of next fiscal. "We are always looking out for more inorganic opportunities...

DLF exits cinema biz; sells 7 screens to Cineplois for Rs 64 crore

India's largest real estate firm DLF has in a statement to the Bombay Stock Exchange (BSE) said that it has sold its seven remaining cinema screens in Delhi under its cinema exhibition business to Mexican movie theatre chain Cinepolis...

Trends that will shape future of shopping malls

In this feature, we present a roundup of the year 2015 - the challenges and bottlenecks, which limited the growth of retail real estate and the remedial measures that need to be taken to consolidate the growth of this...

DLF sells Saket shopping mall to subsidiary

As a part of its plan to streamline and monetize its existing assets,DLF Ltd has decided to sell its shopping mall in Saket, Delhi to its subsidiary for Rs 904.50 crore. The transaction with Nambi Buildwell Pvt. Ltd, on an...
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