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How does a mall make a lot of money?
In 1st scenario mall make money in lot of ways they charge rent they will charge maintenance charges they will take marketing charges year from you to do activities to attract customers foottfall they will charge property tax from you
How does a shopping mall make its money?
In the simplest of terms, through revenues generated from its tenants. In a shopping mall setting, tenants typically commit to a five-year lease, with renewal options. This provides the mall owner with a steady stream of guaranteed income.
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How are expenses allocated in a shopping mall?
All of the common area expenses such as electricity, air conditioning, water, property taxes, etc. are put into a “pool” of expenses, and allocated to each tenant, based upon the square footage they occupy.
Why do people go to malls in India?
All major products are available in the Malls. Apart from Shopping, Food and Entertainment is also available in the Malls. The consumers have the freedom to visit any stores of their liking without the fear of having to face the nagging pressure of the sales persons. Shopping has therefore become a pleasure to the Indian consumers.
