Home / Knowledge / News / Apparel/Garments / Delhi NCR default mall capital of India: MD, JLL India
Delhi NCR default mall capital of India: MD, JLL India
May '15
“Delhi-National Capital Region (NCR) is the default mall capital of India, since it has nearly a hundred malls, with best performing malls in the region enjoying a low average vacancy of around 10 per cent,” a top official of JLL says.

According to Pankaj Renjhen, managing director (Retail Services), JLL India, no other city comes close to the number of operational malls that are found in Delhi-NCR.

In the top seven cities of India including Delhi, Mumbai, Pune, Bangalore, Kolkata, Chennai and Hyderabad, there are around 255 operational malls.

“While, in Delhi NCR alone, there are around 95 operational malls out of which 12 malls are successful and is currently best placed for hosting successful, large-sized malls,” Renjhen adds.

The success rate of malls varies, usually depending on factors like design and layout, the mall’s brand positioning, location and how well they cater to the needs of their target segments.

“Also, whether or not they have been able to evolve into family destinations rather than just remaining shopping centres plays a big role,” he observes.

Malls are graded according to their average vacancy levels and rentals and the rentals are in indirect proportion to the vacancy levels.

So, while rentals are high in malls with vacancy levels of 10 per cent or less and low in those with 20-30 per cent vacancy levels, they are poor in malls with average vacancy levels of 30 per cent or more.

He further adds that leading malls enjoy the privilege of deciding on which brands to house, and continuously monitor all stores in case they follow a revenue share model.

These also see a churn, with non-performing brands being weeded out within short periods of time and others forced to shift floors or move elsewhere within the premises, so that better-performing brands can be accommodated.

Global and leading Indian brands either prefer to lease spaces in premium malls or go in for high-street retail locations and are even willing to wait for vacancy in premium malls.

Professional tenant management teams are employed by some of the most successful shopping malls in NCR, like Select City Walk in Saket, Ambience Mall in NH-8 and Vasant Kunj, DLF malls in Saket and Vasant Kunj, etc.

They evaluate placement of different brand retail stores, revenue targets to decide continuation of lease agreements, branding, and promotions and customer outreach events in the atrium.

Renjhen shares that location is an important differentiating variable between most of the successful malls in NCR and their less spectacularly performing counterparts.

Citing an example, he says, “If a mall is situated in or near a high-street retail location, it tends to perform poorly. By the same coin, malls operating in locations away far away from high-street retail perform much better.”

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search