As commercial real
estate growth remains sober in cities across India leading to high vacancy levels
in Malls, space owners these days adopt new strategy to bring tenants to cover rental
revenue loss.
As per the new trend, retailers
agree to pay less monthly rental but part a percentage of their monthly sales
revenue to the shop owners. However, in the absence of a reliable real time
sales data capture system, retailers show tweaked sales data to pay low rent to
the owners thus causing huge loss to the later.
But with the
availability of new POS software to capture real time sales data from shops, mall
owners sitting at remote place don’t have to need to worry over rental loss.
Not only this! They can use these data to find seasonal footfalls, popular
merchandise, peak time sales, customers’ shopping pattern and behaviour, and
host of other information.
