List of shopping malls in India

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This is a list of shopping malls in India, sortable by name, city, state, year opened and size. A shopping mall or shopping center is a building or set of buildings that contain retail units and a multiplex with interconnecting walkways enabling visitors to easily walk from unit to unit, offering diverse brands and utilities at the same place. There has been a spiraling growth in the number of shopping malls in India from none in 2000 to nearly 100 within five years, most of the malls are located at Mumbai Mumbai and thenDelhi NCR ,[1] with 360 malls anticipated across India by 2007 and up to 600 malls by the end of 2009.[2][3] The growth was fuelled by rising incomes, greater availability of credit and busier lifestyles.[4]

It is a make-believe world. Once you are inside, you forget about the city's potholed roads, utterly rowdy traffic and in-your-face poverty. Instead, Inorbit, the biggest shopping mall in India's commercial city Mumbai (Bombay), is buzzing with customers. It is a rich man's world too, with multi-screen cinemas, restaurants, games and branded shops - well out of the reach of many of the country's one billion people. But India's middle-classes, widely travelled and with deep pockets, are flocking to malls. "I prefer shopping in malls because I get nearly everything I need under one roof," says Sheela. Naina agrees. "It's fun to shop here. It's different. It offers more variety than the High Street." Rapid growth India's organised retail industry accounts for just 3% of the country's total retail sales, though it is poised to grow by 97% per year in the next five years to a staggering $24bn.

which are increasingly challenging High Street stores. < . More than 20 are in various stages of development in Delhi and Mumbai. And it has only just begun. Mahindra and Mahindra And in two years there will be 360 malls across the country.K. the hope is that the new malls can convince India's seriously wealthy elite to take their custom to local operators. food courts and branded outlets will fill the space It will have exclusive showrooms of international brands. "Foreign direct investment will not only expand the market but will also bring in competition and business is likely to get more innovative." he says. Critics say the malls attract window-shoppers in need of a place to hang out Developers and promoters of malls believe the face of the industry is about to dramatically change. customers will have to shop by prior appointment. Today there are nearly 100 big shopping malls in the country.Fuelling this growth are India's sprawling shopping malls. "It'll be like an integrated township. which is being built in Gurgaon. As soon as the government allows foreign investors to get in on the act. We Indians are not so shop savvy Arun Nanda. Commerce ministry official A. Foreign investors Among them is India's biggest shopping mall. Ambi. where you'll get everything. it is set to become a virtual town. that is. recreational facilities for adults and children. there were shopping arcades but no malls. rather than going shopping in Singapore or Dubai. Dua believes such investment would ultimately benefit the consumer. according to the developers. Just five years ago.2 million square feet. Spread over 3. more than half of them in Delhi and Mumbai alone. bakery owner at Inorbit mall Moreover. where." says Har Baksh of the developers Ambience. where multi-screen cinemas. near Delhi. And that could happen any day now. Tomorrow's customers Today they watch what we have on display and we hope tomorrow they come back and buy Nana. corner shops and village markets alike.

food." he says."We Indians are not so shop savvy. And it is basically the experience and not the intention that counts when it comes to malls." But critics say the malls seem better suited to window shoppers in need of a place to hang out. which makes tractors and vehicles.000 people a day and many of them spend money on buying what they need. disagrees: "It is not correct to say people who visit our malls don't shop. Window shopping may not be such a bad idea: "Today they watch what we have on display and we hope tomorrow they come back and buy. the markets. who runs a bakery in Inorbit. It seems to be a thing of history when shopping malls had their presence only in places like Singapore and Dubai. movies or hanging out on a holiday but thanks to our malls." Besides." says Arun Nanda of Mahindra and Mahindra. Just a few years back. If we dive back in time to the early Nineties. People find these malls to be the best place to shop or hang out in summer heat as they offer free entry to a completely air conditioned complex with good music playing all around and loads of window shopping opportunity which is appreciated by one and all. the true lovers of multiplexes are the youngsters for . Though malls are equally popular among all ages. all these jobs can be performed at the same time. shopping malls have become a part and parcel of daily life of people living in Metros and big cities. "We get more than 50. Inorbit's chief executive Yogesh Samat. Today. Not to forget the numerous food joints that serve different cuisines meant to magnetize the taste buds of all the foodies. the word may bear different meanings to different people but it definitely stands for more than any of these things. The reason why shopping malls are so popular lies in their international appeal. "To grow retail we have to promote India as a shopping destination for international shoppers and to do that we need to give Indian retail an Indian face: The malls. Ansal Plaza appeared to be the only popular shopping mall of the region but presently there are more than two dozens of well-established malls in the region and another 140-odd new shopping arcades are set to dot the city landscape in days to come. movies. says Nana. now they are everywhere around us. In fact. entertainment or maybe time pass? Well.Malling culture By Meenakshi kharb What comes to your mind when you hear the word `Mall`? Shopping. Introduction Mall culture in India and especially in Delhi & NCR has grown with an incredible pace. the offerings." An Emergence of Shopping experience . people had to make a choice among shopping. under the same roof and that too with a wonderful experience.

there are a total of 96 operational malls in India with a total built-up area of 21. says Raghav. said the Images study. These cities will have about 12.5 million sq ft and Ahmedabad about 3.8 million sq ft of mall space by 2007. ³Opening of discos has added a new adventure and fun to my life. the projection for listed developments by 2007 is 358. These malls serve their various purposes like shopping. These malls have also come up with different ways to cater to their target visitors like some of them have discos where the Gen-X get a chance to chill-out during nights. entertainment. a college student while the other boys and girls belonging to the same age group have no different opinions. director (India) of International Council of Shopping Centres. Introduction of malls has not been able to replace traditional markets. which is likely to grow at a rate of five percent per annum in the coming years Changing Attitudes of the Masses Droves of middle-class Indians have broken off their love of traditional stand-alone Indian stores that have no air conditioning. with a total built up area of 87. Investments in the retail sector are estimated at between $400 million and $500 million over the next two to three years. and said the Images study. The retail business in India is set to witness heady growth in the years ahead with the number of shopping malls in Asia's third largest economy rising to a staggering 358 by the end of 2007. and over $4 billion by the end of 2010.6 million sq ft." he added. south zone (18 per cent) and east zone (10 per cent). Experts say malls throughout the country are getting bigger as they are now being positioned as a one-stop-shop for shopping. leisure and eating-out needs rather than a place only for shopping for fashion products. says a study by the Images fashion magazine. Prospects of shopping malls in India Global estimates say India will be home to 26. The retail industry in India is currently estimated at $205 billion. followed by west zone (33 per cent). Mohit says. "Performance beyond expectation is all the more significant in the backdrop of adverse reports and predictions on this sector.´ These malls have changed the trends to an extent that the glamour that could be seen only on the silver screen has now come to our cities and we can actually see it in our neighborhood. The number will rise to 158 malls by the end of the current year. The country has some 100 malls now. The retail sector will see over 34 million sq ft of shopping centre space by the year end. said the report on shopping centre development in India.8 million sq ft.2 million square feet of shopping malls in 2006 and the good news for the people belonging to NCR is that 40% of these will be concentrated in this region alone. I can now go and party in the night too." said Amitabh Taneja. organized parking and other public amenities. but has definitely added a new adventure to the shopping experience. says a study. watching movies.whom malls are the `ultimate place to be`. it added. which are still popular among the pocket conscious people. According to Images. Almost all the malls present in the region can match any high-quality mall in any part of the world. ³Malls are the coolest and safest place to go bunking´. The study said a lot more activity on the mall development front was expected from the smaller cities in the years ahead. with Ludhiana accounting for about 2. dating or just to hang out though they really don¶t need a purpose for being there. north zone will account for 39 per cent of total mall space.4 million sq ft. . By 2007. with the National Capital Region (NCR) and Mumbai accounting for maximum numbers of the gleaming shopping centres."Based on a complete list of shopping centre developments taking place across the country. Organized retailing is projected to grow at the rate of 25-30 per cent per annum to touch $8 billion by 2005 and $24 billion by 2010.

and actively. having lower income and focusing on time management. they can play a segment of a music CD or download a trial version of a software program to their immediate satisfaction. rather than spending time with in-store sources. That is. Surrogate shoppers depend heavily on others for information search and evaluation. models.The study said the fast growing middleclass population. These findings are consistent with the current situation of most online stores. ‡ Apathetic. Preparatory shoppers spend more time talking to friends. highly involved shopper. For instance. ‡ Ethical. ‡ Personalizing. consumers can examine search attributes of products such as sizes. and thrifty innovator. Greenfield Online found that online shopping is preferred over in-store shopping by some Internet users because of its convenience and time savings. and recreational. Efforts have been made to classify consumers into distinct segments primarily for targeting purposes. Punj. A broad examination of non-store shoppers found them to be younger.inactive shopper. They are conceptualized as a specific dimension of lifestyle and operationalized on the basis of activities. Findings are mixed with regard to the major characteristics of non-store or home shoppers. Online stores attract shoppers with certain orientations. touch. Consumers can also "experience" certain digital products online. inflation-conscious shopper. Stone identified four kinds of shopping orientations: ‡ Economic. while those who prefer experiencing products are less likely to buy online. Others developed a three-group taxonomy of shopping orientations -. Convenience and recreational orientations were found to be related to catalog shopping. In a recent research report. For instance. the rise in women workforce and consumerism over the decade was the major forces in driving demand in the retail sector. feel. Furse. consumers can search information about products from different online stores with one search request . and prices . Emergence of a different Culture Shopping orientations are related to general predisposition toward acts of shopping. shopping means much more than a mere necessity and malls are now fast becoming image benchmarks for communities´. Korgaonkar examined six groups of shoppers: ‡ recreational shopper price-oriented shopper ‡ brand-loyal shopper. These findings suggest that the consumers who value convenience are more likely to buy on the Web. Constructive shoppers work hard at gathering information from Consumer Reports and showrooms. psych-socializing shopper ‡ store-loyal shopper time-oriented shopper. the Web has demonstrated its large capacity for disseminating information of various kinds. interests and opinion statements pertaining to acts of shopping. Consumers also can experience non-digital products such as wines or cosmetics indirectly through reading testimonials .uninvolved shopper. Many online storefronts are full of information that is searchable. Another study suggested those home shoppers as thrifty innovators. and try on the products before they buy them. active outshopper. Routinized shoppers spend relatively less time on information search but exhibit considerable loyalty to the same brand and dealer because of past satisfaction. identified three additional distinct segments -. However. the study also found that an overwhelming 69 percent of Internet users said shopping at stores and malls allows them to see. venturesome. With the help of shopping robots. and Stewart profiled automobile shoppers into four categories. At present. Lumpkin in studying elderly consumers. "To the present generation. Shopper typologies have also been developed for specific product categories. In a seminal study.

ansal. especially over the last few years. Faridabad Growth of Indian Retail According to the 8th Annual Global Retail Development Index . With growing market demand. the industry is expected to grow at a pace of 25-30% annually. interests and opinion statements pertaining to acts of shopping. They are conceptualized as a specific dimension of lifestyle and operationalized on the basis of activities.mall. Lecturer Department of Management Studies B. which are still popular among the pocket conscious people. Conclusion Introduction of malls has not been able to replace traditional www. 35. The India retail industry is expected to grow from Rs. however with the change of tastes and preferences of the consumers. www. shopping means much more than a mere necessity and malls are now fast becoming image benchmarks for communities. India retail industry is one of the fastest growing industries in India.´ Shopping orientations are related to general predisposition toward acts of "To the present generation.shoppingmall. today's online stores have a limited capacity for consumers to experience tangible products. However. said the report on shopping centre development in The Indian retail industry is the fifth largest in the world. the industry is getting more popular these days and getting organized as well.indianmalls. but has definitely added a new adventure to the shopping experience. The retail sector will see over 34 million sq ft of shopping centre space by the year end.000 crore in 2004-05 to Rs.S. Though initially.   ritten By: Meenakshi kharb. Comprising of organized and unorganized sectors.000 crore by the year 2010. Anangpuria Institute of Technology & Management. the retail industry in India was mostly unorganized. References: www.

In 2001. It is also expected to reach 22% by 2010. It's growing at an enviable pace and is expected to reach 30 million sq. the retail trade in India had a share of 8-10% in the GDP (Gross Domestic Product) of the country. the share of organized sector in 2007 was 7. Food Bazaar .(GRDI) of AT Kearney. It has the following retail segments: y Food & Grocery: Big Bazaar. ft by the year 2010. the India retail industry is expected to grow to US$ 700 billion by 2010. According to a report by Northbride Capita. India retail industry is the most promising emerging market for investment. Headquartered in Mumbai. In 2007. the organized sector will be 20% of the total market share. In 2009. It can be mentioned here that. ft retail space located across the country. Major Retailers in India Pantaloon: Pantaloon is one of the biggest retailers in India with more than 450 stores across the country. Pantaloon launched country's first hypermarket µBig Bazaar¶.5% of the total retail market. it has more than 5 million sq. it rose to 12%. By the same time.

when it came into food & grocery retailing in 1996 with its retail Foodworld stores. Trent owns over 4 lakh sq. Sitara E-tailing: Futurebazaar. Tata Group Tata group is another major player in Indian retail industry with its subsidiary Trent. ft retail space across the country. Established in 1998. Collection-i Consumer Electronics: e-zone Shoes: Shoe Factory Books. it also acquired the largest book and music retailer in India µLandmark¶ in 2005. which operates Westside and Star India Bazaar. Later it also opened the pharmacy and beauty care outlets µHealth & Glow¶. Reliance .y y y y y y y Home Solutions: Hometown. RPG Group RPG Group is one of the earlier entrants in the Indian retail market. Music & Gifts: Depot Health & Beauty Care: Entertainment: Bowling Co. Furniture Bazaar.

It's expecting its sales to reach Rs. The brands like Louis Phillipe. . they are individually handled retail outlets and have a personal touch. More than 300 Reliance Fresh stores and Reliance Mart are quite popular in the Indian retail market. 90. AV Birla Group AV Birla Group has a strong presence in Indian apparel retailing. Convenience stores: are located in residential areas with slightly higher prices goods due to the convenience offered. 8000-9000 crores by 2010. Peter England are quite popular. It's also investing in other segments of retail. Van Heusen. y y y Mom-and-pop stores: they are family owned business catering to small sections.000 crores by 2010. Departmental stores: are general retail merchandisers offering quality products and services. Allen Solly.Reliance is one of the biggest players in Indian retail industry. Retail formats in India Hypermarts/supermarkets: large self-servicing outlets offering products from a variety of categories. It will invest Rs.

This is also known as Multi Brand Outlets or MBO's. in the retail sector. snacks and other small items can be bought via vending machine. Vending: it is a relatively new entry. Here beverages. Category killers: small specialty stores that offer a variety of categories. Mumbai's Crossword Book Store and RPG's Music World are a couple of examples. malls offers customers a mix of all types of products and services including entertainment and food under a single roof. such as electronics and sporting goods. Specialty stores: are retail chains dealing in specific categories and provide deep assortment. Challenges facing Indian retail industry y y y y The tax structure in India favors small retail business Lack of adequate infrastructure facilities High cost of real estate Dissimilarity in consumer groups .y y y y y y Shopping malls: the biggest form of retail in India. E-trailers: are retailers providing online buying and selling of products and services. They are known as category killers as they focus on specific categories. Discount stores: these are factory outlets that give discount on the MRP.

3 trillion by the year 2018 at a CAGR of 10%. As a result. retail. the consumer spending in India climbed up to 75%. real estate India has emerged as one of the most appealing investment areas for domestic as well as foreign investors. But maximum growth is attributed to its growth from the booming IT sector. the organized sector is also expected to grow at a CAGR of 40%. industrial. the consumer spending has also gone up and is also expected to go up further in the future. Indian real estate has huge potential demand in almost every sector. . By the year 2013. Why Invest in India? The Indian economy and the real estate sector in particular are high on its ride to prosperity. healthcare etc. It is further expected to reach US$ 1. residential. As the country has got a high growth rates.y y y y Restrictions in Foreign Direct Investment Shortage of retail study options Shortage of trained manpower Low retail management skill The Future The retail industry in India is currently growing at a great pace and is expected to go up to US$ 833 billion by the year 2013. In the last four year. but especially commercial. hospitality. the India retail industry is expected to grow further in the future days. As India¶s economic growth curve rises.

Key Facts 1.since an estimated 70 per cent of the new construction is for the IT sector.55 to 6%. Not surprisingly. Due to the huge demand and rising prices. stock . Data showcased by property surveys show that returns from rental incomes on investment in commercial property in Indian metros. residential and retail sectors in India. demand for Indian property has been increasing steadily for the past few years and it has exceeded supply. Investment scenario has certainly undergone a paradigm shift in India. Gone are the days when potential investors used to sought after investment options like equity bonds and park money in shares where your return ranges between 5. investment and speculative interest in real estate is growing while excess money supply. New demands have added to strength of real estate markets across the commercial. There has also been an upward swing on the real estate price values in the recent years. is around 10. the highest in the world.5%. Selling and buying Indian property is now considered as the most profitable and attractive business opportunity in the present real estate scenario in India.

burgeoning income and better job prospects. Factors Favoring Investments Tremendous growth has been taking place in both residential as well as commercial segments that is attracting huge investments phenomenal price escalation (more than 100% in several places) in last couple of years. 3. 4. Lower interest rates. but rapid development that witness for India riding the high growth gains and policy changes are adding to the trend in favor of the real estate sector. easy availability of housing finance. India has a distinct regulatory and financing management in place. The net yields (after accounting for all outgoings) on residential property are . increase of nuclear families have given a boost to the demand for residential properties in India. Here. 2. In the last one year. growth of the property market is not a result of renovation and overhauling. Real estate boom in India is supported by its own flourishing economy on a sustainable basis. the capital values of the commercial office spaces has increased by up to 40% owing to the increase in the demand from IT / ITES and BPO sector across major metros in India.

However. Changing consumer behavior combined with increasing disposable incomes will ensure further growth of the retail sector in India. higher disposable incomes and opening up of FDI in Retail.currently at 4-6% p. these investments have benefited from the improving residential capital values. . Capital values in the residential sector have risen by about 25-40% p.a. investors can count on potential capital gains to improve their overall returns.a. The capital appreciation in this sector is close to 20-35% p. In the present day scenario. if there is any powerful investment tool that brings burgeoning financial returns. As such. The retail market in India has been growing due to increasing demand from retailers. the risks associated with this sector are higher as retailers are prone to cyclical changes typical of a business cycle. it is INDIAN REAL ESTATE!!! Investors should consider the parameters minutely and meticulously to find out why investing in Indian real estate now is the best viable option.a in the last 2 years. However.