There are 74 ghost shopping centres -- those with vacancy of more than 40 per cent -- out of 365 such retail properties across the top 32 cities, according to Knight Frank. Real estate consultant Knight Frank India on Tuesday released a report, 'Think India Think Retail - Value Capture: Unlocking Potential', which has mapped the country's retail real estate across 32 cities. "A significant finding of the report is that nearly one-fifth of India's operational shopping centres fall into the category of 'Ghost Malls' - assets marked by high vacancies, weak tenant curation, ageing infrastructure, and declining relevance," the consultant said. Across 365 shopping centres surveyed, as many as 74 have been classified as ghost assets, representing 15.5 million square feet (mn sq ft) of area. Within this pool, the consultant said that 15 centres with a combined area of 4.8 million sq ft could be retrofitted and earn Rs 357 crore as annual rental. The consultant has defined ghost shopping .There are 74 ghost shopping centres -- those with vacancy of more than 40 per cent -- out of 365 such retail properties across the top 32 cities, according to Knight Frank. Real estate consultant Knight Frank India on Tuesday released a report, 'Think India Think Retail - Value Capture: Unlocking Potential', which has mapped the country's retail real estate across 32 cities. "A significant finding of the report is that nearly one-fifth of India's operational shopping centres fall into the category of 'Ghost Malls' - assets marked by high vacancies, weak tenant curation, ageing infrastructure, and declining relevance," the consultant said. Across 365 shopping centres surveyed, as many as 74 have been classified as ghost assets, representing 15.5 million square feet (mn sq ft) of area. Within this pool, the consultant said that 15 centres with a combined area of 4.8 million sq ft could be retrofitted and earn Rs 357 crore as annual rental. The consultant has defined ghost shopping . Latest News [ SOBAN NEWS: International and National ]
