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Ahmedabad, Bangaluru, Chennai, Delhi/NCR, Hyderabad, Kolkata, Mumbai and Pune have 126 malls sprawling over more than 61 million sq. ft. area and more than 100 malls have multiplexes attached, the property consultant said.
“Wherever it has been mandated, there will, therefore, be a high number of establishments that need to shut down for operations. Even short-term closures will have significant financial implications,” Anarock Retail’s MD & CEO, Anuj Kejriwal said in a statement.
“However, what matters more is that these establishments attract massive footfalls. In a health crisis like the coronavirus pandemic, shutting them down can be a major step forward in terms of harm prevention,” Kejriwal, however, added.