Retail malls may see 10-12 pc decline in rental income: Report
29 Mar 2020 10:24:06
INDIA’S retail malls would see a temporary 10-12 per cent erosion of their rental income due to the lockdown imposed to contain the spread of coronavirus, a report said.
The report by India Ratings said that the commercial office segment is likely to be least affected in the near term, given stability of cash flows underpinned by long-term leases with strong counterparties as well as access to capital. If the lockdown gets prolonged and pandemic worsens, then mall owners will have limited flexibility to withstand revenue pressure.