By 2023, 8 new malls will open in Hyderabad 

Hyderabad is ready to welcome eight new malls in the coming two years. According to real estate developers, the city already has 12 malls and will have a total of 20 malls once the new ones are opened by 2023. All the newly constructed malls will have both retail space and multiplexes for movie screenings. 

Out of eight malls, three are being constructed in Dilsukhnagar and the remaining in LB Nagar, Sagar Road, BHEL, AS Rao Nagar and Attapur in 4,000 sq. yards. These malls will accommodate retail stores, food courts, multiplex and other required facilities. 

Currently, there are 12 malls in the city including GVK One, Hyderabad Central, GSM, Inorbit Mall, Sharath City Capital, L&T malls, Manjeera and Forum Sujana.  

In Hyderabad, mall leasing activity has been inactive due to Covid-19 and has impacted real estate business adversely. The construction of these 8 malls will bring new business and investment into the real estate market. Real estate developers see it as a bright future for a business in multiplexes along with the retail industry in the coming days. 

According to a report by Anarock Property Consultants, approximately 4.5 million sq. ft. of new supply in malls is planned for 2021. This new supply will be spread across Tier I and Tier II cities in the country, with Tier I cities accounting for around 90 per cent of the space. Approximately, 85 percent of the upcoming malls are likely to be added in Tier I cities.  

At present, there are 12 malls in the city including GVK One, Hyderabad Central, GSM, Inorbit Mall, Sharath City Capital, L&T malls, Manjeera and Forum Sujana.