CEO of Forum Malls, Muhammad Ali, has confirmed that construction has already commenced at several of the upcoming malls, which are strategically located in Bengaluru, Kochi, and Chennai. Moreover, Prestige Group has set its sights on entering the markets of Mumbai and Goa, while also exploring opportunities to develop malls in Delhi-NCR, Hyderabad, and Kolkata. Developers and industry experts believe that the current share of organized retail, accounting for merely 13% of the total retail sector in the country, presents a lucrative opportunity for further mall development.
With numerous brands experiencing a growth phase and seeking larger spaces, Prestige Group is particularly keen on establishing a mall in Delhi, a project that has long been on its radar. The company recognizes the potential for malls in Hyderabad, given the city's rapid growth and young population. Consequently, Prestige Group is actively scouting for suitable locations in Hyderabad and aims to develop malls in Kolkata, West Bengal, provided it secures a suitable land parcel.