Mall Fever



Images of 2 popular malls taken while returning back from Bangalore last week.

A recent report states that the number of malls in Bangalore is set to quadruple!! While this news will no doubt bring joy to the already spoilt-for-choice IT industry folks, I wonder if one is too farfetched in the assumption that this development is sure to drive the wedge deeper into the dichotomy that is Bangalore today.

Some facts:

1. The population of the IT industry folks in Bangalore (with its population of 6 million) is 5% i.e 3 lakhs.

2. However, the wage bill of this 5% of the population is estimated in the region of Rs 9000 crore annually!!

3. Just imagine the purchasing power of this segment alone.

No wonder developers of malls are rubbing their hands in glee and the present ones are laughing all the way to the bank.

Its enough to shake one’s head in disbelief!


3 Comments so far

  1. rubic_cube (unregistered) on April 17th, 2006 @ 1:01 am

    Heard about that study that concluded that the most wealth got distributed only within the 5% of the population? The study was done in some west coast city in US, probably LA or SFo. Bangalore is no exception to that rule! For me, more malls mean more choices to spend an evening in airconditioned glitter. Sometimes I do loathe it and long for the country side!

  2. randramble (unregistered) on April 18th, 2006 @ 5:11 am

    Agree with you folks mostly. The only thing I enjoy about such development is the multiplexes, where we get to see movies which otherwise won’t come to Bangalore…

  3. BR (unregistered) on April 18th, 2006 @ 11:09 pm

    I am in complete agreement with the fact that malls do provide a place to just hang out during weekends and all of us do enjoy it. One thing that really hurts me is to see that the amount of money spent in these malls. Being a banglorean, I feel this has increased the cost of living in bangalore, making it difficult for the common man.

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