DLF’s Emporio – Luxury Mall located in South Delhi is the most expensive mall in India for retailers. The ground floor rents out at at Rs 900. Select Citywalk, once again in Delhi is the second most expensive with rentals as high as Rs 700.
In Mumbai we found that Phoenix Mall and Inorbit Mall [Picture above] as the most expensive to afford with rentals ranging between Rs 650 to Rs 500. Coming to the retail city of Bangalore, UB City’s The Collection retails at Rs 600 while the Orion Mall commands Rs 560.
Kolkatta’s City Centre Mall and Forum Mall are quite reasonable compared to the above places with rentals in the range of Rs 300 to Rs 400. Chandigrah’s City Emporio has a rental of Rs 420. Pune’s Magum Mall retail space enjoys rentals in-line with Kolkatta at Rs 300-Rs 350. Chennai is the cheapest metro with its City Centre mall having just Rs 160-Rs 200 rental.
Lucknow’s Fun Republic, Ahmedabad’s Alfa 1 Mall and Hyderabad’s GVK1 Mall have rentals between Rs 180-Rs200. All rentals per sft, per month. With such high rentals in place, mall managers are under tremendous pressures to increase foot fall to please retailers.