NEW DELHI : Mall projects, stalled since the onset of the pandemic, are picking up pace this year, with an estimated 4.5 million square feet (sq.
ft) of new supply added in 2021, according to data released by real estate consultancy Anarock Property Consultants. The fresh supply, a majority of which is expected to come up in Bengaluru, Mumbai, and Noida, however, is significantly lower than the 8.5 million sq.
ft added across the top seven cities in 2019, Anarock said in a note. New malls will be spread across tier 1 and tier 2 cities, with tier 1 cities accounting for around 90% of the additional space, the consultancy said.