Malls in Patna; A Vision At the outset, malls were thought to be the drivers of growth for the retail and entertainment sector in India and therefore Patna too. However, factors such as bad location, poor planning and lack of maintenance and absence of leased models in mall space have given a setback to this business across our country and Patna too. In metro cities, shopping malls have received a good response comparatively. On the other hand, Tier II and Tier III cities like Patna are witnessing huge empty space in malls, in smaller towns; over a third of the space is unoccupied in 2013, as against just 7 per cent in 2007. Analysts say 80 percent of India ’s 255 malls are failing. Reports suggest that about US$4.2 billion has been spent to build these approximately 255 malls, of which about 65 percent are in Delhi/NCR and Mumbai. Other challenges to tide over include high rentals, overall slowdown, issues wi...
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