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This is a list of shopping malls in India, sortable by name, city, state, year opened and

size. A shopping mall or shopping center is a building or set of buildings that contain retail

units and a multiplex with interconnecting walkways enabling visitors to easily walk from unit

to unit, offering diverse brands and utilities at the same place.

There has been a spiraling growth in the number of shopping malls in India from none in

2000 to nearly 100 within five years, most of the malls are located at Mumbai Mumbai and

thenDelhi NCR ,[1] with 360 malls anticipated across India by 2007 and up to 600 malls by

the end of 2009.[2][3] The growth was fuelled by rising incomes, greater availability of credit

and busier lifestyles.[4]

It is a make-believe world.

Once you are inside, you forget about the city's potholed roads, utterly rowdy traffic and in-your-face poverty.

Instead, Inorbit, the biggest shopping mall in India's commercial city Mumbai (Bombay), is buzzing with customers.

It is a rich man's world too, with multi-screen cinemas, restaurants, games and branded shops - well out of the reach of many of the country's one billion people.

But India's middle-classes, widely travelled and with deep pockets, are flocking to malls. "I prefer shopping in malls because I get nearly everything I need under one roof," says Sheela.

Naina agrees. "It's fun to shop here. It's different. It offers more variety than the High Street."

Rapid growth

India's organised retail industry accounts for just 3% of the country's total retail sales, though it is poised to grow by 97% per year in the next five years to a staggering $24bn.

Fuelling this growth are India's sprawling shopping malls, which are increasingly challenging High Street stores, corner shops and village markets alike.

Just five years ago, there were shopping arcades but no malls.

Today there are nearly 100 big shopping malls in the country, more than half of them in Delhi and Mumbai alone.

And in two years there will be 360 malls across the country. More than 20 are in various stages of development in Delhi and Mumbai.

Foreign investors

Among them is India's biggest shopping mall, Ambi, which is being built in Gurgaon, near Delhi.

Spread over 3.2 million square feet, it is set to become a virtual town, where multi-screen cinemas, recreational facilities for adults and children, food courts and branded outlets will fill the space

It will have exclusive showrooms of international brands, where, according to the developers, customers will have to shop by prior appointment.

"It'll be like an integrated township, where you'll get everything," says Har Baksh of the developers Ambience.

And it has only just begun.

Developers and promoters of malls believe the face of the industry is about to dramatically change.

As soon as the government allows foreign investors to get in on the act, that is. And that could happen any day now.

Commerce ministry official A.K. Dua believes such investment would ultimately benefit the consumer.

"Foreign direct investment will not only expand the market but will also bring in competition and business is likely to get more innovative," he says.

Tomorrow's customers

Moreover, the hope is that the new malls can convince India's seriously wealthy elite to take their custom to local operators, rather than going shopping in Singapore or Dubai. <

"We Indians are not so shop savvy," says Arun Nanda of Mahindra and Mahindra, which makes tractors and vehicles.

 We Indians are not so shop savvy 

Arun Nanda, Mahindra and Mahindra

Critics say the malls attract window-shoppers in need of a place to hang out

 Today they watch what we have on display and we hope tomorrow they come back and buy 

Nana, bakery owner at Inorbit mall

"To grow retail we have to promote India as a shopping destination for international shoppers and to do that we need to give Indian retail an Indian face: The malls, the markets, the offerings."

But critics say the malls seem better suited to window shoppers in need of a place to hang out.

Inorbit's chief executive Yogesh Samat, disagrees: "It is not correct to say people who visit our malls don't shop," he says.

"We get more than 50,000 people a day and many of them spend money on buying what they need."

Besides, says Nana, who runs a bakery in Inorbit, Window shopping may not be such a bad idea: "Today they watch what we have on display and we hope tomorrow they come back and buy." 

An Emergence of Shopping experience - Malling culture

By Meenakshi kharb

What comes to your mind when you hear the word `Mall`? Shopping, food, movies, entertainment or maybe time pass? Well, the word may bear different meanings to different people but it definitely stands for more than any of these things. Today, shopping malls have become a part and parcel of daily life of people living in Metros and big cities. 

IntroductionMall culture in India and especially in Delhi & NCR has grown with an incredible pace. Just a few years back, people had to make a choice among shopping, movies or hanging out on a holiday but thanks to our malls, all these jobs can be performed at the same time, under the same roof and that too with a wonderful experience. And it is basically the experience and not the intention that counts when it comes to malls. 

The reason why shopping malls are so popular lies in their international appeal. It seems to be a thing of history when shopping malls had their presence only in places like Singapore and Dubai. In fact, now they are everywhere around us. 

If we dive back in time to the early Nineties, Ansal Plaza appeared to be the only popular shopping mall of the region but presently there are more than two dozens of well-established malls in the region and another 140-odd new shopping arcades are set to dot the city landscape in days to come. 

People find these malls to be the best place to shop or hang out in summer heat as they offer free entry to a completely air conditioned complex with good music playing all around and loads of window shopping opportunity which is appreciated by one and all. Not to forget the numerous food joints that serve different cuisines meant to magnetize the taste buds of all the foodies. 

Though malls are equally popular among all ages, the true lovers of multiplexes are the youngsters for whom malls are the `ultimate place to be`. These malls serve their various purposes like shopping, watching movies, dating or just to hang out though they really don’t need a purpose for being there. “Malls are the coolest and safest place to go bunking”, says Raghav, a college student while the other boys and girls belonging to the same age group have no different opinions. These malls have also come up with different ways to cater to their target visitors like some of them have discos where the Gen-X get a chance to chill-out during nights. Mohit says, “Opening of discos has added a new

adventure and fun to my life. I can now go and party in the night too.” 

These malls have changed the trends to an extent that the glamour that could be seen only on the silver screen has now come to our cities and we can actually see it in our neighborhood. Almost all the malls present in the region can match any high-quality mall in any part of the world.

Prospects of shopping malls in India

Global estimates say India will be home to 26.2 million square feet of shopping malls in 2006 and the good news for the people belonging to NCR is that 40% of these will be concentrated in this region alone. 

Introduction of malls has not been able to replace traditional markets, which are still popular among the pocket conscious people, but has definitely added a new adventure to the shopping experience. The retail business in India is set to witness heady growth in the years ahead with the number of shopping malls in Asia's third largest economy rising to a staggering 358 by the end of 2007, says a study.The country has some 100 malls now, with the National Capital Region (NCR) and Mumbai accounting for maximum numbers of the gleaming shopping centres, says a study by the Images fashion magazine. The retail sector will see over 34 million sq ft of shopping centre space by the year end, said the report on shopping centre development in India.

"Performance beyond expectation is all the more significant in the backdrop of adverse reports and predictions on this sector," said Amitabh Taneja, director (India) of International Council of Shopping Centres."Based on a complete list of shopping centre developments taking place across the country, the projection for listed developments by 2007 is 358, with a total built up area of 87.8 million sq ft," he added.

According to Images, there are a total of 96 operational malls in India with a total built-up area of 21.6 million sq ft. The number will rise to 158 malls by the end of the current year. Organized retailing is projected to grow at the rate of 25-30 per cent per annum to touch $8 billion by 2005 and $24 billion by 2010, said the Images study.

Investments in the retail sector are estimated at between $400 million and $500 million over the next two to three years, and over $4 billion by the end of 2010, it added. The retail industry in India is currently estimated at $205 billion, which is likely to grow at a rate of five percent per annum in the coming years

Changing Attitudes of the MassesDroves of middle-class Indians have broken off their love of traditional stand-alone Indian stores that have no air conditioning; organized parking and other public amenities. Experts say malls throughout the country are getting bigger as they are now being positioned as a one-stop-shop for shopping, entertainment, leisure and eating-out needs rather than a place only for shopping for fashion products.By 2007, north zone will account for 39 per cent of total mall space, followed by west zone (33 per cent), south zone (18 per cent) and east zone (10 per cent), and said the Images study. The study said a lot more activity on the mall development front was expected from the smaller cities in the years ahead. These cities will have about 12.8 million sq ft of mall space by 2007, with Ludhiana accounting for about 2.5 million sq ft and Ahmedabad about 3.4 million sq ft.

The study said the fast growing middleclass population, the rise in women workforce and consumerism over the decade was the major forces in driving demand in the retail sector. "To the present generation, shopping means much more than a mere necessity and malls are now fast becoming image benchmarks for communities”.

Emergence of a different Culture

Shopping orientations are related to general predisposition toward acts of shopping. They are conceptualized as a specific dimension of lifestyle and operationalized on the basis of activities,

interests and opinion statements pertaining to acts of shopping. Efforts have been made to classify consumers into distinct segments primarily for targeting purposes.

In a seminal study, Stone identified four kinds of shopping orientations: • Economic, • Personalizing, • Ethical, • Apathetic.

Others developed a three-group taxonomy of shopping orientations -- inactive shopper, active out-shopper, and thrifty innovator. Lumpkin in studying elderly consumers, identified three additional distinct segments -- uninvolved shopper, inflation-conscious shopper, and actively, highly involved shopper.

Korgaonkar examined six groups of shoppers: • recreational shopper price-oriented shopper • brand-loyal shopper, psych-socializing shopper • store-loyal shopper time-oriented shopper.

Shopper typologies have also been developed for specific product categories. For instance, Furse, Punj, and Stewart profiled automobile shoppers into four categories. Constructive shoppers work hard at gathering information from Consumer Reports and showrooms. Surrogate shoppers depend heavily on others for information search and evaluation. Preparatory shoppers spend more time talking to friends, rather than spending time with in-store sources. Routinized shoppers spend relatively less time on information search but exhibit considerable loyalty to the same brand and dealer because of past satisfaction. Findings are mixed with regard to the major characteristics of non-store or home shoppers. Convenience and recreational orientations were found to be related to catalog shopping. A broad examination of non-store shoppers found them to be younger, venturesome, and recreational. Another study suggested those home shoppers as thrifty innovators, having lower income and focusing on time management.

Online stores attract shoppers with certain orientations. In a recent research report, Greenfield Online found that online shopping is preferred over in-store shopping by some Internet users because of its convenience and time savings. However, the study also found that an overwhelming 69 percent of Internet users said shopping at stores and malls allows them to see, feel, touch, and try on the products before they buy them. These findings suggest that the consumers who value convenience are more likely to buy on the Web, while those who prefer experiencing products are less likely to buy online.

These findings are consistent with the current situation of most online stores. At present, the Web has demonstrated its large capacity for disseminating information of various kinds. Many online storefronts are full of information that is searchable. That is, consumers can examine search attributes of products such as sizes, models, and prices . With the help of shopping robots, consumers can search information about products from different online stores with one search request . Consumers can also "experience" certain digital products online. For instance, they can play a segment of a music CD or download a trial version of a software program to their immediate satisfaction. Consumers also can experience non-digital products such as wines or cosmetics indirectly through reading testimonials online. However, today's online stores have a limited capacity for consumers to experience tangible products. 

Conclusion

Introduction of malls has not been able to replace traditional markets, which are still popular among the pocket conscious people, but has definitely added a new adventure to the shopping experience. The retail sector will see over 34 million sq ft of shopping centre space by the year end, said the report on shopping centre development in India. "To the present generation, shopping means much more than a mere necessity and malls are now fast becoming image benchmarks for communities.” Shopping orientations are related to general predisposition toward acts of shopping. They are

conceptualized as a specific dimension of lifestyle and operationalized on the basis of activities, interests and opinion statements pertaining to acts of shopping.

References:www.shoppingmall.comwww.ansal.comwww.mall.comwww.indianmalls.com

Written By: Meenakshi kharb, Lecturer

Department of Management StudiesB.S. Anangpuria Institute of Technology & Management, Faridabad

The Indian retail industry is the fifth largest in the world.

Comprising of organized and unorganized sectors, India retail

industry is one of the fastest growing industries in India,

especially over the last few years. Though initially, the retail

industry in India was mostly unorganized, however with the

change of tastes and preferences of the consumers, the

industry is getting more popular these days and getting

organized as well. With growing market demand, the industry is

expected to grow at a pace of 25-30% annually. The India retail

industry is expected to grow from Rs. 35,000 crore in 2004-05

to Rs. 109,000 crore by the year 2010.

Growth of Indian Retail

According to the 8th Annual Global Retail Development Index

(GRDI) of AT Kearney, India retail industry is the most

promising emerging market for investment. In 2007, the retail

trade in India had a share of 8-10% in the GDP (Gross

Domestic Product) of the country. In 2009, it rose to 12%. It is

also expected to reach 22% by 2010.

According to a report by Northbride Capita, the India retail

industry is expected to grow to US$ 700 billion by 2010. By the

same time, the organized sector will be 20% of the total market

share. It can be mentioned here that, the share of organized

sector in 2007 was 7.5% of the total retail market.

Major Retailers in India 

Pantaloon:

Pantaloon is one of the biggest retailers in India with more than

450 stores across the country. Headquartered in Mumbai, it has

more than 5 million sq. ft retail space located across the

country. It's growing at an enviable pace and is expected to

reach 30 million sq. ft by the year 2010. In 2001, Pantaloon

launched country's first hypermarket ‘Big Bazaar’. It has the

following retail segments:

Food & Grocery: Big Bazaar, Food Bazaar

Home Solutions: Hometown, Furniture Bazaar,

Collection-i

Consumer Electronics: e-zone

Shoes: Shoe Factory

Books, Music & Gifts: Depot

Health & Beauty Care: Star, Sitara

E-tailing: Futurebazaar.com

Entertainment: Bowling Co.

Tata Group

Tata group is another major player in Indian retail industry with

its subsidiary Trent, which operates Westside and Star India

Bazaar. Established in 1998, it also acquired the largest book

and music retailer in India ‘Landmark’ in 2005. Trent owns over

4 lakh sq. ft retail space across the country.

RPG Group

RPG Group is one of the earlier entrants in the Indian retail

market, when it came into food & grocery retailing in 1996 with

its retail Foodworld stores. Later it also opened the pharmacy

and beauty care outlets ‘Health & Glow’.

Reliance

Reliance is one of the biggest players in Indian retail industry.

More than 300 Reliance Fresh stores and Reliance Mart are

quite popular in the Indian retail market. It's expecting its sales

to reach Rs. 90,000 crores by 2010.

AV Birla Group

AV Birla Group has a strong presence in Indian apparel

retailing. The brands like Louis Phillipe, Allen Solly, Van

Heusen, Peter England are quite popular. It's also investing in

other segments of retail. It will invest Rs. 8000-9000 crores by

2010.

Retail formats in India

Hypermarts/supermarkets: large self-servicing outlets offering

products from a variety of categories. 

Mom-and-pop stores: they are family owned business

catering to small sections; they are individually handled

retail outlets and have a personal touch.

Departmental stores: are general retail merchandisers

offering quality products and services.

Convenience stores: are located in residential areas with

slightly higher prices goods due to the convenience

offered.

Shopping malls: the biggest form of retail in India, malls

offers customers a mix of all types of products and

services including entertainment and food under a single

roof.

E-trailers: are retailers providing online buying and

selling of products and services.

Discount stores: these are factory outlets that give

discount on the MRP.

Vending: it is a relatively new entry, in the retail sector.

Here beverages, snacks and other small items can be

bought via vending machine.

Category killers: small specialty stores that offer a

variety of categories. They are known as category killers

as they focus on specific categories, such as electronics

and sporting goods. This is also known as Multi Brand

Outlets or MBO's.

Specialty stores: are retail chains dealing in specific

categories and provide deep assortment. Mumbai's

Crossword Book Store and RPG's Music World are a

couple of examples.

Challenges facing Indian retail industry

The tax structure in India favors small retail business

Lack of adequate infrastructure facilities

High cost of real estate

Dissimilarity in consumer groups

Restrictions in Foreign Direct Investment

Shortage of retail study options

Shortage of trained manpower

Low retail management skill

The Future

The retail industry in India is currently growing at a great pace and is expected to go up to US$ 833 billion by the year 2013. It is further expected to reach US$ 1.3 trillion by the year 2018 at a CAGR of 10%. As the country has got a high growth rates, the consumer spending has also gone up and is also expected to go up further in the future. In the last four year, the consumer spending in India climbed up to 75%. As a result, the India retail industry is expected to grow further in the future days. By the year 2013, the organized sector is also expected to grow at a CAGR of 40%.

Why Invest in India?

The Indian economy and the real estate sector in particular are

high on its ride to prosperity. As India’s economic growth curve

rises, real estate India has emerged as one of the most

appealing investment areas for domestic as well as foreign

investors. Indian real estate has huge potential demand in

almost every sector, but especially commercial, residential,

retail, industrial, hospitality, healthcare etc. But maximum

growth is attributed to its growth from the booming IT sector,

since an estimated 70 per cent of the new construction is for the

IT sector.

Investment scenario has certainly undergone a paradigm shift in

India. Gone are the days when potential investors used to

sought after investment options like equity bonds and park

money in shares where your return ranges between 5.55 to 6%.

Data showcased by property surveys show that returns from

rental incomes on investment in commercial property in Indian

metros, is around 10.5%, the highest in the world.

Key Facts

1. Selling and buying Indian property is now considered as

the most profitable and attractive business opportunity in

the present real estate scenario in India. New demands

have added to strength of real estate markets across the

commercial, residential and retail sectors in India. Not

surprisingly, demand for Indian property has been

increasing steadily for the past few years and it has

exceeded supply.

There has also been an upward swing on the real estate

price values in the recent years. Due to the huge demand

and rising prices, investment and speculative interest in

real estate is growing while excess money supply, stock

market gains and policy changes are adding to the trend in

favor of the real estate sector.

2. In the last one year, the capital values of the commercial

office spaces has increased by up to 40% owing to the

increase in the demand from IT / ITES and BPO sector

across major metros in India. 

3. India has a distinct regulatory and financing management

in place.

4. Real estate boom in India is supported by its own

flourishing economy on a sustainable basis. Here, growth

of the property market is not a result of renovation and

overhauling; but rapid development that witness for India

riding the high growth wave. 

Factors Favoring Investments

Tremendous growth has been taking place in both residential as

well as commercial segments that is attracting huge

investments phenomenal price escalation (more than 100% in

several places) in last couple of years.

Lower interest rates, easy availability of housing finance,

burgeoning income and better job prospects, increase of

nuclear families have given a boost to the demand

for residential properties in India. The net yields (after

accounting for all outgoings) on residential property are

currently at 4-6% p.a. However, these investments have

benefited from the improving residential capital values. As such,

investors can count on potential capital gains to improve their

overall returns. Capital values in the residential sector have

risen by about 25-40% p.a in the last 2 years.

The retail market in India has been growing due to increasing

demand from retailers, higher disposable incomes and opening

up of FDI in Retail. The capital appreciation in this sector is

close to 20-35% p.a. However, the risks associated with this

sector are higher as retailers are prone to cyclical changes

typical of a business cycle. Changing consumer behavior

combined with increasing disposable incomes will ensure

further growth of the retail sector in India.

In the present day scenario, if there is any powerful investment

tool that brings burgeoning financial returns, it is INDIAN REAL

ESTATE!!! Investors should consider the parameters minutely

and meticulously to find out why investing in Indian real estate

now is the best viable option.