Number of ghost malls rising in India, Delhi NCR tops the list, followed by Mumbai, Bengaluru: Report
The count of ghost shopping malls, characterized by a vacancy rate exceeding 40%, rose from 57 in 2022 to 64 in the previous year across eight major cities. This transformation is driven by changing consumer behavior, with more people opting for online shopping and larger shopping centers for a better shopping experience Knight Frank India’s…