In terms of size, most malls will pale in comparison to the retail area of T3. It will have 247 retail units and a 100-room hotel. It will be India?s biggest airport retail area with a space of over 30,000 sq. mt. In comparison, an average three to four storey mall has a retail space of 20-25,000 sq. mt.
The GMR-led airport consortium will follow a business model in which there?s greater stress on revenue sharing rather than just rentals. Earlier, it had given duty-free and other retail outlets at IGI for hefty rentals to retails. Many of these eventually shut down or sought a reduction in the fixed charge.