Another case in point is the Phoenix Market City mall chain in Bangalore and Chennai - marquee developments in the retail real estate space that have established themselves as lifestyle and entertainment destinations.
The most visited shopping mall in the world and largest mall in the United States is the Mall of Americalocated near the Twin Cities in Bloomington, Minnesota.
Given their wider service area, these malls tend to have higher-end stores that Theme based malls in india a larger area in order for their services to be profitable but may have discount department stores.
Interestingly, more than 30 new shopping malls covering nearly 14 million sq. The promoters point out "The sky-high cost of space in malls is a major concern for many and therefore we want to address this concern of people through this mall.
Size-wise it is not a huge mall but it will have everything that malls have. They may also follow a strip configuration, or may be L- or U-shaped. Having taken care of the shopping needs of both the travellers and domestic customers the promoters have also given utmost priority to the visitors gastronomic needs.
Regional malls are also found as tourist attractions in vacation areas. Another salient feature of the project is the drive-in super market, a novelty in a mall, which makes shopping convenient and pleasurable, unlike the present set up in most malls which makes it a tedious process.
Outlet stores were found as early asbut the first multi-store outlet mall, Vanity Fairlocated in Reading, PA did not open until Mall management is slowly becoming a trend and is much sought after services in Asia and other markets.
In Q3it comprised 3. A regional mall is, per the International Council of Shopping Centers, in the United States, a shopping mall which is designed to service a larger area than a conventional shopping mall. Much of thesquare foot mall will be the home of Austin Community College.
Ina year before the Great Recessionno new malls were built in America, for the first time in 50 years. Strip mall A neighborhood center in the form of a strip mallin Cornelius, Oregon Neighborhood centers are small-scale malls serving the local neighborhood.
Potential for Growth The setting of this upcoming mall on Thokkottu Junction, which forms the gateway to Mangaluru City, is the USP of this project apart from its inimitable structure.
Some consumers prefer malls, with their parking garages, controlled environments, and private security guardsover CBDs or downtownswhich frequently have limited parking, poor maintenance, outdoor weather, and limited police coverage.
Buoyed by the phenomenal success of malls across the metros, tier 2 cities like Thiruvananthapuram and Mangalore have also embraced the mall culture, with the former seeing the launch of Mall of Travancore early this year. Theme or festival centers have distinct unifying themes that are followed by their individual shops as well as their architecture.Prosperous northern cities like Jalandhar, Ludhiana, and Patiala are gaining importance among retailers for theme based malls catering to niche customers for automobiles and jewellery.
Some of the theme based malls existing in India are- Gold Souk (jewellery malls), Wedding Mall, Electronic Mall, Auto Mall, etc. Daijiworld Media Network - Business. Mangaluru, Aug Whether we like it or not malls have become more of a norm than an exception in India.
The only visible change is that from big multilevel malls the focus is slowly shifting towards smaller and theme based malls, which no doubt is a welcome development. Growel's is India's first theme-based mall, with a Venetian design featuring Neo-Classical architecture to create a European feel.
Thesquare foot mall and has undergone a remarkable evolution since it opened as a local neighborhood mall inwith a Big Bazaar hypermarket and multiplex cinema.
With gross leasable area of 11, 00, sq ft, Grand Central (L&T Seawoods) in Navi Mumbai will be the largest shopping mall to become operational thi.
Elante Mall is a shopping mall in the city of Chandigarh in India. With the gross leasable area of 1, sqft, it is the second largest shopping mall in Northern India and the third largest in India.
Elante Mall hosts ious Indian and international brands like Big Bazaar, Westside, Pantaloons, Lifestyle and Gucci among others.
Prominent Malls in India More than anything else, Indian malls have become stand-alone brands. To stay relevant, they have adopted new-age technologies from the design and construction stage to the final end-user experience, which is what drives footfalls.Download