Malls
In the third quarter of 2012, Bangalore has witnessed a fresh supply of malls of about 3,60,000 sq ft. However, retailing activities remained slow. Bangalore has been witnessing a reduced rate in the leasing activities. There has also been a scarcity fresh retail space in both malls and main streets which has led to a situation [...] Continue Reading »
Like residents of Bangalore, the hotels, malls, offices, convention halls and educational institutions have also been asked to start waste segregation from Oct. 1 by Bruhat Bengaluru Mahanagara Palike(BBMP). They have been asked not only segregate waste into dry and wet but also to compost wet waste within their premises or pay to hand it [...] Continue Reading »
The revenue-share model had been introduced by malls during 2008 downturn to lure in retailers. However, the model seems to become a noose as retailers have been suffered from fewer footfalls and tight consumer spending. Phoenix Marketcity in Kurla, the biggest mall in Mumbai, reportedly has still not been able to earn a single rupee [...] Continue Reading »
RIL (Reliance Industries Limited) is set to come up with a mall in Delhi. According to sources, RIL will use the land Mukesh Ambani won in a Delhi Development Authority bid for around Rs.400 crore in 2007 to construct its 720,000 sq ft commercial complex at Alaknanda. RIL plans to accommodate two- fifth of the [...] Continue Reading »
Dahisar in the western suburbs of Mumbai has become one of the most preferred residential destinations in the recent past. Due to its proximity to Borivali and other suburbs, availability of relatively affordable residential rates, infrastructural developments and easy access to public transport are the main reasons behind the rise of Dahisar. Its easy access [...] Continue Reading »
Hyderabad’s retail market is gradually expanding to suburbs and peripheral areas as demand for retail space grows in the suburbs. The retail activity is no longer confined to high streets. As the malls are almost fully occupied, leasing activity is slow in malls in CBD areas but vacancy rates and rents remained stable in existing [...] Continue Reading »
Ulsoor, one of the oldest localities in Bangalore has witnessed a sharp rise in capital values in the Jan-Mar 2012 quarter. A rise of 25 per cent in capital values in the latest quarter. The proposed metro connectivity has been the major boost behind the rise. Two proposed Bangalore metro stations that will be located [...] Continue Reading »
Inorbit Mall has announced the launch of their first mall in Karnataka. The new venture is coming up at Whitefield. Inorbit is considered as the most successful mall operator in the country. After the launch of Inorbit Malad, Mumbai in 2004, they have launched malls in Vashi, Hyderabad and Pune. The choice of Whitefield as [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
A real estate consultancy report highlights that while commercial rentals in one-time high streets like SG Highway and CG Road in Ahmedabad saw a marginal increase of 4 to 6 per cent, for Prahaladnagar and Law Garden it jumped to over 20 per cent on year-to-year basis. The focus seems to be moving away from [...] Continue Reading »
