FOR the mall owners of today, who are mainly dealing with pure rental retail customers, the real challenge lies in maintaining the consistency of footfalls even in already successfully running malls.
RETAIL viability depends on various factors such as location, real estate prices and business strategies. Location is a key component, as retail expenditure of a franchisor should be in line with his investment.
THE debate on rentals has been quiet consistent over the past few years. As the commercial real estate property saw a boom, few questions have come to intrigue the franchise projects viability.
MALLS are coming up in every nook and cranny of the country, offering apt ambience, colourful interiors, a mix of shopping, entertainment and leisure and facilities like parking and tight security.
INTERNATIONAL reality retail sector is moving up but at its own pace, marred by sluggish growth. The impact of recession on retail property had been severe, primarily in the US and Europe.
RETAIL spaces across South Asia are alive and kicking with footfalls. This can be gauged from the inauguration and construction of new retail spaces in Singapore, Malaysia, China and India.