The mushrooming mall culture grabbed my attentions in my recent visit to India in June 2011. Before 1990s the concept of shopping centers were totally unfavorable in India. As pointed out in the Shopping Center Business, Feature Article : “Evolution Of Shopping Malls: Lessons From The Pioneering Malls In India”, the emergence of Spencer Plaza in Chennai in1991, Mumbai’s Crossroads in 1998 and Ansal Plaza in New Delhi in 1998 are the initial buildings to introduce the trendy, up to date retailing brands to people. Malls then became very inviting to Indians and several hundreds emerged in major metropolitan areas in India.
According to Phil McArthur, an international specialist in shopping centre investment, Indian commercial developers focus on location, parking, access, survey on trade area, design and management. However, builders are still researching the mall growth and various other commercial, residential and real estate industries. I am impressed to see the recently opened Rs 750 – Cr Express Avenue in Chennai. The ten acre mall was developed by the Express Infrastructure Pvt Ltd with diverse services like food, fashion, fun, kid’s area, amusement, entertainment and relaxation. The mall has the prime location in the city with fine parking and accessibility.
The Business Standard, India, September 2011 issue points out that the Future group, a leading retail- to financial service providers are stirring up on a distinct development model for malls. The area of the malls are expected to cover between 2,50,000 to 4,00,000 square feet, will be constructed of green building materials and energy efficient. The concepts are soon to be experimented in Mumbai, Hyderabad and Kolkata. When many malls in North America strive to exist, they are flourishing in India and throughout Asia.