Given the footfall and the aspirational middleclass hanging out there, and given our ever expanding population in cities, this may not be such a disadvantage.
The one factor I was keen to find is how much of funding is required to renovate. Malls get a tired look in a few years and there is always the craze for something new !! New malls with attractive interiors, gizmos crop in all the time and except the location advantage, older malls lose out. Cities are also expanding vastly and what is the outskirt today is, heart of city tomorrow !
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