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The new arena begins with Mall Management

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If the revealed sources at the www.propertykhazana.com are to be believed then the next trend setting segment in the Indian realty market is predicted to be the Mall management and in this regard the builders and developers in India are planning to come out with the development of about 300 malls in major Indian cities.
Further the reports out by JLL Meghraj says that in addition to the existing 100 shopping malls another 300 malls are in lane to join the list with about 30 malls with all global standards while the rest not at par.
Moreover, the derivation of mall management is nothing but providing the crucial support whatever required for malls like infrastructure, site selection, tenant mix and maintenance. With all the support the mall management concept supports the builders and developers to the max. before, the builders and developers were associated with the retailers to give the best possible service to the customers and clients and many in such case were signing the JV’s to handle in much efficient manner but the raise of mall management has put a full stop to the outdated practice and now builders and developers go on their individual potential.
It is further said by the sources to the www.propertykhazana.com that the national capital will have more number of malls covering 22 Million Sq.Ft and it is Mumbai and Bangalore to see more malls after Delhi. Investment flow is expected to be around $ 320 Billion in 2006 and later it is expected to grow with an addition of 35% by 2010.
Source: NBTVLIVE

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