Tag Archives: Retail Outlets

Unitech comes up with Gardens Galleria in Noida.

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Unitech, one of the India’s leading integrated developers of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida.
Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes away from ITO, East Delhi, South Delhi, and Noida Expressway. The project is in the midst of established residential areas, offices, colleges and other commercial towers.

The destination already comprises of an international standard themed amusement park Worlds of Wonder and The Great India Place, a shopping mall. The mall, a combination of entertainment, retail and hospitality, in Noida will comprise of hyper market, departmental stores, international shops, spa, gymnasium, banks, ATMs, food and fun joints. The project comprises 230 retail outlets and there is also parking facility for 8,500 cars. Unitech has already got over 10 lakh patrons a month in its three operational malls the Metro Walk in New Delhi, Great India Place in Noida and Gurgaon Central.

Commenting on the launch, Munish Baldev, head-retail of Unitech said, “We are happy to launch Gardens Galleria in Noida. Unitech has already developed 1.3 million sq ft of mall area in New Delhi, Noida and Gurgaon since 2006, and is developing another 4 million sq ft of retail space in cities such as Kochi, Gurgaon, Bangalore, Lucknow, Mohali, Bhopal, Bhub­aneswar, and Dehradun. We have always been bullish about the retail development space and have been developing the shopping malls as per our business plan. We have been getting strong traction from retailers for leasing of the mall-space under development.”

Genesis Luxury, Genesis Lifest­yle, French Connection, Nautica, Louis Philippe, Van Heusen, Calvin Klein are among some of the major brands who have their stores in Galleria. The company is also developing another 4 million sq ft of retail space in cities such as Kochi, Bhopal, Bhubaneswar, Bangalore, Dehradun, Mohali, Lucknow, and Gurgaon in the next 4-5 years.

Metro Mall

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One of India’s Major Real Estate Firms Mantri Developers based in Bangalore announced the opening of one of India’s largest malls Mantri Square. The main attraction of the project is metro connectivity in the mall itself.

Mantra Square was inaugurated on Tuesday by B S Yeddyurappa, Chief Minister of Karnataka. The mall will be located at Malleswaram, north Bangalore and spread over 1.7 million square feet which will be built with an investment of over Rs 500 cr. It will boasts of 252 retail outlets) offering 10,000 brands; said Mr. Sushil Mantri the Chairman and Managing Director of Mantri Developers. Mantri square will generate direct employment for about 4,600 people.Mayakovskaya

The  connectivity of the mall to railway station is being jointly developed by the metro rail authorities and Mantri developers. Bengaluru Metro Rail Corporation (BMRCL) has signed first-of-its-kind joint venture with this realty firm to develop the commercial hub-cum-metro station. It will be the first station to be constructed on a public-private participation model. According to the, Sources Mantri and BMRCL have entered into a revenue-sharing agreement for the proposed station. BMRCL will get 1per cent of the revenue earned annually for 30 years, and the percentage will go up to 5 after that. The land will belong to BMRCL but Mantri will spend Rs 35 cr to develop the station, and then construct a commercial tower over the station. According to the agreement, BMRCL will lease the space above the station for 99 years and after the 5-acre property is developed, it will be transferred to BMRCL.

The station becomes operational in two years time frame and is expected to provide an additional footfall of 20, 000. The footfall is expected to go up to one lac a day once the station gets started. The station area would cover around 80,000 sq feet and a third party will be involved to maintain it.
The mall would be responsible for introducing some leading international brands first time in the country and many national brands launching their outlets for the first time in the city.

Mr. Mantri said, “Mantri Square is going to be the largest mall in India. It will undoubtedly be the most sought after destination amongst discerning shoppers and for brands of repute as well. The sheer scale of offerings at the mall came only second to the detailing that has gone into ensuring a world class shopping, leisure and entertainment destination.”

Shopping in this mall will be one of its kind experience for sure.