Rent collections to remain under pressure in short term for mall operators: Icra

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.

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