Rajesh Naidu

Nov 28, 2024 | m.economictimes.com | Faizan Haidar |Rajesh Naidu

Mall developers are reducing multiplex spaces in future projects due to declining footfall and revenues. Multiplexes now contribute only 6-7% of mall traffic, compared to 10% previously. The rise of OTT platforms and a lack of compelling content are cited as key reasons, prompting developers to allocate more space to other entertainment and F&B options.