Mall operators in India forecast 10-12% revenue growth due to higher rents and occupancy.

Mall operators in India are expected to see a 10-12% revenue growth this financial year, up from 15% last year, driven by rental increases, higher occupancy, and consumption growth. Occupancy rates are projected to rise to 92-93%, up from 89% last year, though retail consumption growth slowed to 3-5% in the first half due to a high base effect and heat wave. EBITDA margins are expected to stay around 70%.

November 19, 2024
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