Mumbai, Dec. 21 -- As malls in western countries brace for an existential crisis, global capital is pivoting toward a market that seems to defy every global retail trend - India, according to real estate consultancy firm Anarock.

While the US has witnessed a net closure of nearly 1,200 mall stores since 2020, with rising vacancies forcing almost 40 per cent of empty malls to undergo rezoning or repurposing, India is experiencing a retail resurgence driven by strong consumer demand and growing institutional investor confidence, Anarock said this week.

According to Anuj Kejriwal, CEO, Retail Leasing and Industrial and Logistics, Anarock Group, Indian malls are set to see over USD 3.5 billion in capital inflows over the next 3 years.

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