Big brands who were anxious to pick up prime mall space till last year now have aggressive expansion plans, but in high street locations.
Big retail brands are deserting malls for the high street. Retailers say most mall projects get delayed and with the cash crunch faced by mall developers, they are looking for other options to avoid expansion delays of their own.
Subranshu Pani, Director – Retail, Jones Lang LaSalle Meghraj, said, Developments take 24-36 months to happen. Three years is a long time for a brand. Some of them get access to high streets where they can move in and begin operations in three months.
More : moneycontrol.com
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