Word: delhi
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...having a great time. Eager to cash in, India's real estate developers are in a frenzy: up to 600 malls are likely to be up and running in India by the end of 2009?up from 20 malls this year?according to KSA Technopak, a New Delhi-based consulting firm. The capital is the epicenter of the boom, with as many as 100 malls?some estimates put the number at 150?planned for New Delhi and its vicinity in the next three years. There's only one hitch: many of these malls will struggle to make money...
...Vikram Bakshi, managing director of McDonald's (Northern India), which is a prominent attraction in numerous Indian malls. Bakshi, who says McDonald's won't be present in 70-80% of the capital's new malls, points out a fundamental problem facing malls that are already operating around New Delhi: a lot of people come to see them and to enjoy the air-conditioned luxury, but not many spend money there. Usha Varadharajan, owner of The Next Shop, which sells gift items like crockery and soaps in the Centrestage Mall in Noida, another township near New Delhi, knows the phenomenon...
...years in Noida. "There will be a huge diversion of people into other malls," he frets. Indeed, a cloud hangs over the future of Gurgaon, with up to 20 malls scheduled to open in the next couple of years. New malls will soon be built in the upper-class Delhi neighborhood of Vasant Kunj, and will likely slash the inflow of wealthy Delhiites into Gurgaon. "We will see some big reductions in the numbers at Gurgaon malls; they will become less profitable for the retailers," says Sanjay Chandra, director of Unitech, a major real estate firm that is beginning...
...Another concern is that India doesn't yet have the infrastructure needed to support all of its new malls. The daily exodus of shoppers from Delhi to Gurgaon's malls is already creating excruciating delays on the roads. But that's only the start of the trouble, says K.T. Ravindran, an urban-planning expert at Delhi's School of Planning and Architecture. Because the electricity supply is unreliable in Gurgaon, says Ravindran, malls will have to run their own diesel-powered generators, which will cause significant pollution. And because the water supply is also shaky, he adds, many...
...cats and other wild species are called predators, while man is politely referred to as just a primate. Judging from the meat consumption at our local butcher shop in a suburb of New Delhi, I estimate that we humans slaughter more than 1 million chickens a day (a conservative estimate). India is not a rich country and has a large vegetarian population, but we slaughter a large number of other animals. Yes, it is not only the big cats but many other living creatures that are in danger of extinction. Man is the cruelest predator of all. Som Sharma Gurgaon...