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Entries Tagged as 'Destination Malls'

In-Orbit launches 1.2 mn. sq ft (Rs 300 cr) mall in Cyberabad; plans Rs 600 cr investment on 3 new properties

October 15th, 2009 · No Comments

Inorbit Malls (India), launched its Rs 300-crore, destination mall, in Cyberabad on Wednesday, the 14th October, 2009.
The new mall, located at Mindspace, is the third such mall property of Mumbai-based construction major K. Raheja Corporation. The other two In-orbit properties are located at Malad in Mumbai, and Vashi in Greater Mumbai.
The mall, as to be [...]

Tags: Destination Malls · Expansion/ New Investment · Indian Owned · Lifestyle Segment · Supply Chain/ Logistics/ Infrastructure

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Quick Stats (Indian Retail)
- Market size (total) 2006: US$ 300 bn/annum
- Market size (total) 2010: US$ 427 bn/annum
- Market size (total) 2015: US$ 637 bn/annum
- Market size (modern retail) 2006: US$ 9-12 bn/annum
- Market size (modern retail) 2011: US$ 60 bn/annum
- Annual rate of growth (modern retail): 35%
- Penetration (modern retail) 2006: 3 to 4%
- Penetration (modern retail) 2010: 10%
- Number of retail outlets (total): 12 million
- New Investment by 2011: US$ 30 bn
- No. of persons employed (total): 21 mn
- No. of new jobs in next two years: 2 mn.
- No. of dollar designated millionares in India(2006) 100,015
- Typical space per outlet: 100 to 500 sq.ft.
- Space occupied (modern retail): 35 mn sq.ft.
- Operating Malls 2007: 114 (35 mn sq.ft.)
- New Malls under construction: 361 (117 mn sq.ft.)
- New space distribution: 65% (top 7 cities), 35% (tier II & III cities)
- New space distribution (among top 7 cities): NCR 34%, Mumbai 23%, Rest 43%
Statistics, most of which is in the form of estimates, contained herein above, is based and published research/ news reports.
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