Shopping mall operators' revenue likely to jump 7-9 per cent this fiscal: CRISIL
"Buoyant retail sales and improved rental yields are expected to lift the revenue of mall operators by 7-9 per cent this fiscal. That would be tantamount to around 125 per cent of pre-pandemic, or fiscal 2020, revenue," CRISIL said in a statement.
To make their findings more broad-base, CRISIL Ratings has analysed 28 malls, which have leasable space of around 18 million square feet area spread across 17 cities, with a total debt of over Rs 8,000 crore. Photo: dlfmallofindia.com