ARTICLES

BY erealto | 08-12-2018

Malls In Tricity

VR Punjab VR Punjab is situated in Chandigarh region and it is also one of the biggest operating mall in Punjab. VR Punjab is promoting the retail, food, music, art and entertainment programs. It emerges the art of placemaking with maximum functionality and connectivity with an outdoor environment. Executive managing director Rohit George said that this acquisition, combined with VR Chennai, also enables VRSA to simultaneously offer retailers, two new retail developments of scale, in key metropolitan markets, at a time when quality retail space is scarce and the economy is poised to grow strongly. ELANTE It is also known as the second largest shopping mall in northern India. As Chandigarh is the well planned city in India but it has also received the criticism related to the limited no. of shopping malls. Elante is a perfect answer to such criticism . It includes all national and international brands. This mall consist an environment where one can enjoy shopping, entertainment as well as office space. The Mall has a space for retail area of over 1 million square feet. It has two main gates, one is on the big front entry and another one is on the back. It has three basement levels, a ground level and three upper levels. In the retail area, Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. The Mall has an 8-screen Multiplex of PVR Cinemas on its top floor, the mall has restaurants, fast food joints and a Fun City for kid’s entertainment. MALLS IN ZIRAKPUR One of the most important thing in today’s marketing strategy is right retail mix of tenants along with the development. Malls in Zirakpur are coming with the new concept of retail plaza where the customer would be able to see the 4dimensional view of showrooms and brands. If we talk about the investing in malls so there are two types of customers one who wants to invest in commercial field and other who wants regular income. So what customers do is that they invest in malls and try to achieve a regular income. So the malls are offering to the customers the facility of SOHO,STARTA so that they can invest for regular income ,they are also providing the hyper market facility with leasing facility and tie ups to satisfy the need of regular income seeking customers.

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BY erealto | 08-12-2018

MAYA GARDEN MAGNESIA

Maya garden magnesia is an upcoming mall in Zirakpur with the best connectivity facility. This is a Jindal family project who has delivered 18+ projects which are both residential and commercial. This is a new concept of OPEN RETAIL PLAZA which is first time introduced in India. This project will be delivered by 2020 consisting following features: • Prime location • Double height showrooms • Neoclassic architecture • 12%ROI • Official Workspaces • Fashion hubs • Interrelated cross-selling • STARTA office • Executive suites and luxury apartments • Rooftop dining • Fixed rental income • 4Dimensional visibility The following amenities they are providing: • Double height showrooms • Street De Moda (fashion hub) • Hypermarket (virtual space-pantaloons, big bazaar, reliance fresh). • Grand Bazar Double height showrooms 15*30 Hyper market 250sq.ft. and 500 sq.ft. SOHO 526sq.ft. and 590 sq.ft. Executive suits 526sq.ft. and 590 sq.ft. Gym, gaming zone, rooftop swimming pool 15*27 This project is unparalleled to any other project in the region. And the key points of this project to become one of the leading project are: • The architecture is neo classic which would help the customers to see the brands direct from highway and as it is an open retail plaza concept, it would provide 4dimensional visibility and nothing is going to hide by the customer. • The double height showrooms will be divided by mezzanine section to create space for big brands which requires large space because of variety in products to display. • This project is constructed on 6.5 acres of land consisting 1.5 acres landscape. • Activity area will be in front and middle for extra-curricular activities. • The company is using neo-classic architecture designed by IDesign Company situated in Delhi and the maintenance will be handled by JLL Company and the construction company is Surya Con. • The company is also offering fixed rental income and the safest investment option and 9 years leasing on the investment in hypermarket for 250sq.ft.is 12500/- and for 500sq.ft.is 25000/-. Infrastructure information • It would include two blocks the front block will be highway facing which would include showrooms and the block at the back will have SOHO, Luxury apartments, workspaces. Etc. • The activity area will include central and frontal space. At front, all the newly launched products will be displayed and at center , there would be social gatherings, concerts etc. • There will be shops which called green facing shops at the back of 15*30 carpet area. • The maintenance will requires 8-10per sq.ft. As it requires low-cost maintenance as compared to other projects. This is one the leading project in Zirakpur with the great efficiency promised. This upcoming project is bringing the new way of starting retail plaza with the customer friendly environment and high footfall expectation. So this project will gradually increase the investment in Zirakpur and will also enhance the business environment and entertainment.

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