Presently, data indicates that 14 new malls spread over 5.9 mn sq. ft. area will get operational by 2021-end across Indian cities, and fit-outs are underway in at least 10 of them.
Author: Anuj Kejriwal
Anuj Kejriwal is MD & CEO - ANAROCK Retail
The ANAROCK Group has appointed retail real estate veteran Pankaj Renjhen as COO & Joint Managing Director - ANAROCK Retail. With immediate effect, Renjhen shares the responsibility of overseeing the Firm’s Indian retail operations with Anuj Kejriwal, MD & CEO - ANAROCK Retail
essential goods will fuel Indian retail industry’s growth in the coming quarters as consumer expenditure continues to remain focused on essentials—particularly food and grocery—reveals the latest report by ANAROCK & Retailers Association of India (RAI) titled ‘Indian Retail – Certainty Despite Headwinds’
Mall developers and retailers will benefit from cutting-edge architecture and store design that specifically address the new compulsions and realities of a post-COVID-19 retail market
Amid the rising number of coronavirus cases, the closure of malls and multiplexes across top cities has brought organized retail to a grinding halt.
Select malls, eateries, multiplexes and retail establishments can remain operational 24/7 in Mumbai as it joins the ranks of cities which operate 24/7.
The coworking culture in coffee bars or cafes is leading to a rise in the number of coffee chains and also concept cafes or bistros across cities.
ANAROCK data reveals that in the top 7 cities, retail leasing activity dropped by 35% in 2019 as against the previous year.
Just as FinTech focuses on the use of technology in finance, PropTech uses digital innovation to address the needs of the property industry.
Anuj Kejriwal, MD & CEO – ANAROCK Retail
The tragic debacle around CCD’s debt-ridden founder may be indicative of a larger malaise
- Rentals can eat away almost 15-20% of the overall revenue an Indian coffee shop generates
- Corresponding costs in countries like the US is just around 5-6%
- many indigenous coffee shops are unable to survive more than 18 months into the business
From the early morning dose to business deals closed over a cup of java, coffee keeps us charged; the millennial coworking culture is often incubated and based in cafés. As a consequence, there has been a stupendous rise in the number of coffee chains and concept bistros across the country.
It all started with Café Coffee Day – popularly known as CCD – which gave the country its first coffee shop way back in 1995, long before global giants arrived.
Today, places like Café Coffee Day are no longer just hangouts or meeting joints, and certainly not just about coffee. They offer a unique ambiance, music and free Wi-fi to youngsters and entrepreneurs alike.