November 19, 2024 4:06 PM

Mall operators in India to register 12% revenue growth in FY25: Crisil

Mall operators in India are projected to achieve robust revenue growth of 10-12% during the current financial year (FY25), building on the 15% growth recorded in the previous fiscal year, according to a Crisil report released on Tuesday. The growth will be driven by contractual rental escalations, improved occupancy rates due to the ramp-up of malls launched in the past two years, the full-year impact of newly operational malls, and an increased share of tenant revenues supported by consumption...