Malls
The Delhi based real estate company Unitech Limited has been reported a total loss of Rs. 14.69 crore in the second quarter of the current financial year. For the last year’s corresponding quarter, the company has posted a total profit of Rs. 25.57 crore. Despite this, the Managing Director of Unitech, Mr.Sanjay Chandra said [...] Continue Reading »
According to Cushman & Wakefield commercial real estate services firm, it is expected that after the Parliament elections the mall space in Chennai will see an improvement in momentum as there might be some policy changes on the anvil for the retailers. It added that due to external factors like current economic climate and impending [...] Continue Reading »
Cosmetics Company Modi-Revlon, a joint venture between the Modi group and international cosmetics firm Revlon, is planning to open 100 stores in the next three years. Modi-Revlon chairman and chief executive Umesh Modi said in a statement, “India with its ever-growing appetite for retail spending has always been a priority market for Revlon. These are [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
Bangalore- Properties in Richmond Town, located in the heart of the city, have observed over 25 percent capital appreciation in the last two quarters. In the first quarter of 2012, the area had witnessed Rs 7,500 per sq ft approximately. By the third quarter of the prevailing calendar year, the rate increased to Rs 9,000 [...] Continue Reading »
Hyderabad- The largest shopping mall in South India will be constructed in Hyderabad and will have an investment of about Rs. 500 crore by the Lanco Group. It is expected to be completed in the next 30 months. This shopping mall will be built by Lanco group in Hyderabad and will be known as ’The Lanco [...] Continue Reading »
New Delhi- People in Delhi prefer shopping on high streets than in malls. This change has been witnessed through a study wherein the shops on the high streets get more buyers and retailers than those in malls. The demand for the high streets is increasing when compared to the supply followed by an increase in the capital [...] Continue Reading »
Delhi/NCR: With recent developments of infrastructure on the Gurgaon-Faridabad Road, it has been considered as the next prime location of the real estate development. Developments have been taken place in both the residential and commercial units and developers like IREO Group’s Gurgaon Hills, Krrish Group’s Province Estate, Paras Group’s Paras Trade Centre and others are coming [...] Continue Reading »
Delhi/NCR- The latest area of development; Ghaziabad has an increasing number of malls and multiplexes which are proving to be a positive sign for the real estate development. This sort of a development in the area will cater to the needs of big realty players who can indulge themselves in new projects. Currently, the city has [...] Continue Reading »
Malls are witnessing increased footfalls during the festive season. In cities like Ahmedabad and Amritsar the mall developers are eager to cash on the festival spirit of the consumers. In malls like AlphaOne, present in both Ahmedabad and Amritsar,this festive season has brought in very good footfalls and the consumer spending has increased since the [...] Continue Reading »
