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India's 'small' big malls

The scores of malls dotting the urban Indian landscape demonstrate their growing mass appeal. In the last five years alone, the number of malls in India has more than doubled to about 600.

K.R. Balasubramanyam | Print Edition: April 4, 2010

The scores of malls dotting the urban Indian landscape demonstrate their growing mass appeal. In the last five years alone, the number of malls in India has more than doubled to about 600. But a survey (India's Largest Malls) by Bangalore-based real estate consulting firm Asipac reveals that mall culture is still in its infancy in India. Malls here on an average are much smaller than their international counterparts and we still don't have any super mall.

Why are Indian malls much smaller?

  • Anchor stores (or department stores) in India are still very small. This has a huge impact on the overall size of the mall.
  • The 30 largest malls in the world have an average of 350 stores. In India, we are still struggling to fill up 202 stores. Malls in India have not yet properly tapped local retailers.

Key differences between different types of malls/shopping centres

Neighbourhood Centre

  • GLA*: 42,000 to 2,10,000 sq. ft
  • Number of anchors: 1
  • Type of anchors: Supermarket
  • Primary trade area: 2-3 km

Community Centre

  • GLA: 1,40,000 to 4,90,000 sq. ft
  • Number of anchors: 2 or more
  • Type of anchors: Discount Departmental Store, Supermarket, Home, Apparel
  • Primary trade area: 3-5 km

Regional Mall

  • GLA: 5,00,000 to 11,20,000 sq. ft
  • Number of anchors: 2 or more
  • Type of anchors: Full/Jr Departmental Store, Hypermarket, Fashion, Apparel
  • Primary trade area: 4-12 km

Super Mall

  • GLA: 11,20,000 + sq. ft
  • Number of anchors: 3 or more
  • Type of anchors: Full/Jr Departmental Store, Hypermarket, Fashion, Apparel
  • Primary trade area: 6-25 km

*GLA: Gross lettable area

 

  • Modern shopping malls were launched in 1850 when the first Department Store opened in Paris.
  • The first modern mall was the Northgate Mall in Seattle, USA, which opened in 1950.
  • The Grand Bazaar in Istanbul, which opened in 1461, is one of the largest "covered" markets in the world.
  • Spencer Plaza in Chennai, which opened in 1863, is believed to be the oldest mall in India.
  • The Arcade in Providence, Rhode Island, which opened in 1828, was probably the first mall in USA.


BIGGEST 5 GLOBAL MALLS
NAMECOUNTRYGLA (sq. ft)PARKINGUNITS*
The Dubai MallUAE37,70,00014,0001,200
West Edmonton MallCanada34,00,00020,000900
Berjaya Time SquareMalaysia34,00,0001,000
Mall of AmericaUS30,74,00012,550520
SM City North EDSAPhilippines30,00,0004,000+800
BIGGEST 5 INDIAN MALLS
Mantri SquareBangalore9,19,5162,080202
Ambience MallGurgaon8,73,0002,500165
Great India PalaceNoida8,50,0005,500190
R. City MallMumbai6,57,0003,000140
High Street PhoenixMumbai6,50,0003,939165
*Number of shops; GLA: Gross Lettable Area

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