Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

In India, 57 or 21% of the 271 operational shopping malls are ghost malls. Know what is it and the impact

Decrypted| India has 57 'ghost malls', know all about it's impact

Knight Frank report says India has 57 'ghost malls'; know what is it 

In India, 57 or 21% of the 271 operational shopping malls are 'Ghost Malls'. Know all about it.

Some of the malls in India are haunted, well not literally but the data is saying so. Wondering what are we talking about? According to a report by international property consultant, Knight Frank, 57 of the 271 operational shopping malls in India are in a dilapidated state and need immediate rescue. This research report has termed these shopping centres as 'Ghost Malls'.&nbsp;
<h3>What are 'Ghost Malls'?</h3>
According to the Knight Frank report, a mall with a vacancy of more than 40% is considered a ghost mall. These abandoned malls have high vacancy rates or low consumer traffic levels and that makes them deteriorate in some manner.&nbsp;
The data suggests that the Delhi (NCR) region has the largest 3.35 million square feet of space occupied by such malls. Bengaluru has 1.38 million sq. ft. of space occupied by them, followed by Hyderabad with 1.14 million sq ft and Mumbai with 1.13 million sq ft space. The other Indian cities with large number of ghost malls, are Ahmedabad (0.37 million sq ft); Pune (0.37 million sq ft); Kolkata (0.32 million sq ft), and Chennai (0.33 million sq ft), respectively.
<h3>Reasons behind India having so many 'Ghost Malls':</h3>
There are multiple factors that contribute to the rise in the stocks of ghost malls in the country:
1. Lack of due diligence
2. Mall shortcomings like size, ownership patterns, design issues, faulty layouts
3. Lack of customer walk flow management
4. Rise in online shopping
5. Lack of anchor tenants
Notably, this is not an entirely gloomy scenario as Knight Frank's report also gave positive news on retail sales in the malls and said that they are expected to touch $39 billion by 2028.
Also Read: <a href="https://www.editorji.com/lifestyle-news/explained-moonlighting-and-the-controversy-around-it-1662785284608">EXPLAINED: Moonlighting and the controversy around it!</a>

A fresh mass shooting took place in the United States of America. This time, a man with a rifle opened fire in the food court of a mall in Indiana's Greenwood on 17 July.
The shooter was shot and killed by an armed civilian, as per police. Four people, including the attacker, were killed and two were injured in the incident.
The shooter was armed with a rifle and several magazines, and police reached the mall around 6 pm after reports of gunfire. A suspicious backpack was also recovered from a bathroom near the food court.
Greenwood is a south suburb of Indianapolis with a population of about 60,000.
The latest incident comes just days after an Independence Day parade on 4 July turned bloody in Chicago. At least 7 people were killed and over 30 injured in the shooting.
Earlier, mass shootings at a school in Uvalde, Texas, and a supermarket in New York had shocked the nation, leading to a fresh debate on gun laws.

Shooting at US mall: attacker killed by civilian with gun; suspicious bag found near food court | Indiana

Indiana mass shooting: 4 people, including the attacker, were killed and 2 were injured in the incident.

A fresh mass shooting took place in the United States of America. This time, a man with a rifle opened fire in the food court of a mall in Indiana's Greenwood on 17 July.
The shooter was shot and killed by an armed civilian, as per police. Four people, including the attacker, were killed and two were injured in the incident.
The shooter was armed with a rifle and several magazines, and police reached the mall around 6 pm after reports of gunfire. A suspicious backpack was also recovered from a bathroom near the food court.
Greenwood is a south suburb of Indianapolis with a population of about 60,000.
Also watch: <a href="https://www.editorji.com/world-news/systemic-failures-hesitant-response-texas-school-shooting-probe-report-1658110071838" target="_blank">'Systemic failures, hesitant response': Texas school shooting probe report</a>
The latest incident comes just days after an Independence Day parade on 4 July turned bloody in Chicago. At least 7 people were killed and over 30 injured in the shooting.
Earlier, mass shootings at a school in Uvalde, Texas, and a supermarket in New York had shocked the nation, leading to a fresh debate on gun laws.

shopping mall

Categories