Kolkata, Dec. 17 -- 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, an Anarock data said on Wednesday.
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.
Anuj Kejriwal, CEO - Retail Leasing and Industrial & Logistics, Anarock Group, says, "Latest Anarock data shows that in the next 3 years, Indian malls are set to see over USD 3.5 billion of capital inflows. Meanwhile, over 88 fore...