Knight Frank: India's Ghost Malls Can Be Revived, Repurposed

• Knight Frank report highlights 74 "ghost malls" in India (20% of total inventory) with potential for revival or repurposing.
• These underperforming malls, mostly Grade-B/C, are characterized by high vacancies, low footfalls, and declining infrastructure.
• Many can be revived with low investment or repurposed into office spaces and other uses, as demonstrated by successful examples like Nitesh Hub and Inorbit Mall Pune.
• 15 of these properties could generate Rs 357 crore in rental income if effectively revived, primarily in Tier-I cities.
• Successful deeper repositioning often requires external investments and expertise due to varying costs and complexities like strata-sold ownership.

Why It Matters: Ghost malls in India offer significant investment and repurposing opportunities.