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Ghost malls witness a 59% year-on-year rise in India

Ghost malls witness a 59% year-on-year rise in India

May 08, 2024, at 03:22 am

New Delhi: Ghost malls, which derive their name from their high vacancy rates of over 40%, surged by 59% to reach 13.3 million square feet (msf) in 2023 compared to the previous year, according to a report released on Tuesday.

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Ghost malls witness a 59% year-on-year rise in India Tue, May 07 2024