Table of Contents
How much would it cost to build a mall?
It takes three to five years to build a luxury mall and the average cost for overall development (excluding the land cost) in Mumbai and Delhi is in the range of Rs 7,000-9,000 per sq. ft, compared with Rs 4,000-5,000 a sq. ft for a normal mall, say real estate developers.
What is the average size of a shopping mall?
According to JLL, the average size of a superior grade mall is 400,000 sq ft, whereas the normal size of average grade and poor grade malls are 190,000 sq ft and 150,000 sq ft, respectively.
How many square feet is a mall?
List of largest shopping malls in the United States
| # | Mall name | Retail space Sq. feet/(m²) |
|---|---|---|
| 1 | The Mall of America | 5,600,000 square feet (520,000 m2) |
| 2 | American Dream | 3,000,000 square feet (280,000 m2) |
| 3 | King of Prussia Mall | 2,793,200 square feet (259,500 m2) |
| 4 | South Coast Plaza | 2,738,730 square feet (254,436 m2) |
Is building a mall profitable?
Even without selling a pin, malls in and around Delhi are generating good money. The meagre amount paid as parking charge at malls totals up to a tidy sum of Rs 15 crore a year. The stores may complain about too many footfalls and too few buyers but the mall owners seems to be quite a happy lot.
What’s the largest mall in the world?
The Dubai Mall
The Dubai Mall is the world’s largest destination for shopping, entertainment and leisure, located next to the world’s tallest building, the Burj Khalifa.
Where is the world’s largest mall?
Dubai Mall
Dubai Mall – Dubai, United Arab Emirates At over 12 million square feet (equivalent to more than 50 soccer fields), the Dubai Mall is the largest shopping mall in the world based on total area.
How much do mall owners earn?
Given the fact that at least 12 malls are already operational in the Delhi-NCR region, the annual turnover from parking services is a cool Rs 15 crore. On an average almost every mall earns around Rs 72 lakh a year from parking. The revenue generated depends upon the size and location of the mall, adds Mr Singh.
How can I open a retail store with no money?
How To Start A Business When You Have Literally No Money
- Ask yourself what you can do and get for free.
- Build up six months’ worth of savings for expenses.
- Ask your friends and family for extra funds.
- Apply for a small business loan when you need extra cash.
- Look to small business grants and local funding opportunities.