Rent collections to remain under pressure in short term for mall operators: Icra
Rating agency Icra said in a report that mall categories that have been the hardest hit are multiplexes, family entertainment centres, food courts and restaurants. These account for up to 25% of the total mall area and are a key driver of footfall. Any adverse impact on them would have a cascading impact on a mall’s overall performance.
Check the source here –Source, Financial Express.