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Rentals of mall operators expected to decline by 20-25% in Q4FY2022 as against earlier estimates due to Omicron-led third wave: ICRA

The Omicron-led third wave of Covid-19 pandemic has resulted in resurgence in fresh Covid-19 infections leading to restrictions by various state governments impacting the trading values for the retail store operators and hindering the rental recovery for mall operators. The footfalls in the malls are witnessing a declining trend from the first week of January […]

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