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  • Growel’s 1O1 Mall’s quote on malls and eateries to stay open 24×7 in Mumbai from Jan 27 onwards

    Published on January 22, 2020

    “We appreciate the concept of 24×7 in Mumbai and happy to support the initiative; however, it is imperative that we take feedback and consensus from our retail partners. The Entertainment and F&B tenants have responded positively for extended hours of operations. However, most retailers at Growel’s 1O1 are still working on their revenue v/s expense projections to assess the financial impact in order to support this initiative. We as a mall are also reviewing the cost impact on operational cost v/s the revenues that would be generated for tenants to support the initiative partially, if not fully. To begin with, we may consider trying this out on Fridays and Saturdays.” —-Mr. Sachin Dhanawade, Chief Operating Officer (COO), Retail & Real Estate, Grauer & Weil (India) Limited.

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