09-22-2005, 12:18 PM
<b>India to have 358 shopping malls by 2007: Study</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The retail sector will see over 34 million sq ft of shopping centre space by the yearend, said the report on shopping centre development in India.
"Performance beyond expectation is all the more significant in the backdrop of adverse reports and predictions on this sector," said Amitabh Taneja, director (India) of International Council of Shopping Centres.
"Based on a complete list of shopping centre developments taking place across the country, the projection for listed developments by 2007 is 358, with a total built up area of 87.8 million sq ft," he added.
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"Performance beyond expectation is all the more significant in the backdrop of adverse reports and predictions on this sector," said Amitabh Taneja, director (India) of International Council of Shopping Centres.
"Based on a complete list of shopping centre developments taking place across the country, the projection for listed developments by 2007 is 358, with a total built up area of 87.8 million sq ft," he added.
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