Ghost malls rise due to online shopping

Ghost malls rise in India; is online shopping killing offline shopping centers?

Shorts By/

A recent Knight Frank India report notes a 59% YoY increase in Ghost Shopping Centres' GLA in prime markets since 2022. The number of such centres rose to 64 by end of 2023. Online shopping's popularity is a key driver. This trend caused a loss of INR 67 billion (USD 798 million) in 2023.

You cannot copy content of this page