Thursday, November 09, 2006

Bangalore shoppers still want more

The Financial Express reports that while new stores and malls seem to be opening at a quick pace in Bangalore, shoppers there are still keen on many more malls and shopping centers. While certain areas of the city have several malls, others areas don’t have enough. Also, which The Forum and Garuda can be classified as malls, others like Bangalore Central, Eve Mall, Sigma Mall and The Pavilion are simply shopping complexes and not malls.

According to Ankur Srivastav, managing director of DTZ Debenham Tie Leung, a global property consultancy, "There is an under supply of quality retail malls in the city.” The company recently conducted a survey that showed that about 10 malls in the 500,000 to 1 milliong sq ft range will be coming up in Bangalore in the next three years.

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