NCR Malls thread

[Abhishek901]

Originally Posted by Indian Rockstars

D-Mall has recently been inaugurated in Rohini.!!!

Yeah, I was talking about this mall near my home and some more adjoining it. Seems like City centre Rohini (next to D mall) has also opened and the third mall next to them will open shortly.

None of them are mentioned in this list, even though they are located at a place which is going to be one of the major business districts of Delhi within few years. Metro is already there. Then there is a big amusement park, very popular Metro walk mall, some malls u/c and many more malls slated to come up. 5 star hotels are already coming up. I saw two multistory buildings under construction there. One of them is a 5 star hotel, second one also seems to be a 5 star hotel.

[Abhishek901]

Originally Posted by rov

There was a project about the biggest shopping mall of world "Mall of India", Hows going with it....Does this exist????

That was not the biggest mall of the world but biggest mall of India. However it was among top 10 of the world at that time.

[rov]

Originally Posted by Indian Rockstars

Its still ON

Construction might start anytime...thats actually a info what i have..!!!

So the construction hasn't started yet...I read the news kindda 2 years before about the mall..Is going so slow..Damn...Thanks anyways

[rov]

Originally Posted by Abhishek901

Then there is a big amusement park, very popular Metro walk mall...

So do they have any amusement prk in delhi????Actually i used to live near to chandigarah in HRY, I've been to all the amusement parks in CHD....But never saw one in Delhi....Though those in chd are gud but doesn't have high standards as here in these countries..

[manish1]

Someone working with the real estate consultancy firm CB Richard Ellis told me that DLF is shifting its ambitious 'Mall of India' project from gurgaon to noida. I checked DLF's website and it does list 'mall of india' as a retail project "under planning and development" in noida. Apparently, they have renamed DLF Townsquare, Noida as "Mall of India". Does anyone have any other info?

http://www.dlf.in/dlf/wcm/connect/dl...d+Development/

[amalfi]

Originally Posted by manish1

Someone working with the real estate consultancy firm CB Richard Ellis told me that DLF is shifting its ambitious 'Mall of India' project from gurgaon to noida. I checked DLF's website and it does list 'mall of india' as a retail project "under planning and development" in noida. Apparently, they have renamed DLF Townsquare, Noida as "Mall of India". Does anyone have any other info?

http://www.dlf.in/dlf/wcm/connect/dl...d+Development/

DLF Town Square, Noida was put on the backburner 1 year back after the Global financial crisis hit the realty sector in India. However, work has restarted again . This project was a Retail +Commercial one. If Mall of India is being relocated here , I reckon it will be much smaller than the initial Gurgaon project which was in excess of 4 million sqft unless they are going vertical.

[Abhishek901]

Originally Posted by rov

So do they have any amusement prk in delhi????Actually i used to live near to chandigarah in HRY, I've been to all the amusement parks in CHD....But never saw one in Delhi....Though those in chd are gud but doesn't have high standards as here in these countries..

Appu ghar (now closed) and Fun n Food village were operational since decades. New ones are now sprouting up - one in Rohini, one in Noida near Great India Place (both by same developer - Unitech). A new am park will come in Gurgaon (6 developers are collectively doing that project).

[KuwarOnline]

Originally Posted by Indian Rockstars

Its still ON

Construction might start anytime...thats actually a info what i have..!!!

[KuwarOnline]

Originally Posted by Abhishek901

Yes your honour

[Indiadreams]

Not to hurt anyone's feelings. But no sane builder would build such a big mall when there is 25% vacany rates even after the rates are halved in the satellite towns of Delhi.

It is true for all the large proposed mallsacross India, including those of Phoenix in Mumbai, Pune, Chennai and Bangalore.

[Abhishek901]

Originally Posted by Indiadreams

Not to hurt anyone's feelings. But no sane builder would build such a big mall when there is 25% vacany rates even after the rates are halved in the satellite towns of Delhi.

It is true for all the large proposed mallsacross India, including those of Phoenix in Mumbai, Pune, Chennai and Bangalore.

When this mall broke ground, it was a boom time. Anything was feasible then but not now. Slowdown in demand has led to oversupply. Don't forget that malls take 2-4 years to become a reality from concept. When slowdown came, many malls were already u/c and could not be stopped. So they had to come up leading to oversupply. It will take few years for this demand supply mismatch to vanish. At that time this mall will be viable but not now.

BTW, why would anybody's feelings will be hurt ? We haven't invested our money in that mall

[KuwarOnline]

BTW Sab Mall Noida
cc Angry s0ul (wikipedia)

[V A I B H A V]

i dont know when the mall growing population will stop in delhi??? almost all the hundred malls are runing in loss...emporio runs empty and so the premonade...but still 2 more are coming up adjesent to them...ambiance looks as deserted as desert but still mall of india is planed near to it....all the malls except citywalk looks crying for customers...instead of just malls builders should plan other entertainment options...NCR still dosnt have a basic decent amusement park...they can take some lessons from wonderla and IFC in Bangalore...

[Indian Rockstars]

Originally Posted by V A I B H A V

i dont know when the mall growing population will stop in delhi??? almost all the hundred malls are runing in loss...emporio runs empty and so the premonade...but still 2 more are coming up adjesent to them...ambiance looks as deserted as desert but still mall of india is planed near to it....all the malls except citywalk looks crying for customers...instead of just malls builders should plan other entertainment options...NCR still dosnt have a basic decent amusement park...they can take some lessons from wonderla and IFC in Bangalore...

Boss got to Dis agree with you here..

Emporio is for a different class altogether ..its never deserted all the parties ,DJ nights , shows etc etc are regular feature there...


And Ambience Mall ...trust me i go there almost every week at Blue O..have never seen it empty..

however, yes too many malls in NCR and we desperately need a world class amusement park...
cheers

[KuwarOnline]

Originally Posted by Indian Rockstars

Ambience Mall ...trust me i go there almost every week at Blue O..have never seen it empty..

Agree, it really good mall....heheh never empty at least when i go there sat/sun.... man kind of hot gal wow.............

but its true with some malls like ansal plaza at palam vihar....when i went to see kites there .....it was almost empty....it was Saturday though....

[amalfi]

Check out the status of the world's largest shopping mall in Beijing which is still 99% vacant even after 4 years of opening.

http://www.dailymail.co.uk/news/worl...ng-centre.html

Atleast , the Indian malls are not in such bad shape. Average vacancy is only about 20% nation wide. An overwhelming majority of Malls (at least in the metros)have the deadly combo of a Multiplex + Food court+ Numerous restaurants + Hyper Market/Departmental store (like Big Bazaar , Spencers , Reliance Mart, Shopper's stop , Pantaloons, Lifestyle, Westside Globus etc). With such a combo , a mall cannot fail .

It is only the badly planned malls vis-a-vis location, small size and poor client mix which are in trouble.

Status of some of the Malls in NCR which I have visited of late:

Great India Place, Noida - Best mall in Noida and always buzzing and esp heaving during weekends

Centrestage Mall , Noida - Once the most happening mall in NCR, is quieter now but still busy with a Multiplex, Westside , loads of good eating options and a rocking night club.

Spice mall - Very popular due to a Multiplex + Haldiram + Huge FABINDIA

MGF Metropolitan Mall , Gurgaon - Remains Gurgaon's most popular mall still.Always buzzing even on weekdays. Has a great Multiplex and an amazing Food court.

Sahara Mall , Gurgaon - Always crowded due to Big Bazaar.

Ambience Mall , Gurgaon - It is currently the most happening mall in Gurgaon and is far from deserted. Maybe be size of the mall and big size of shops gives the impression of it being relatively quiet.

DLF Emporio - This was not created for Aam Janta but the cream of society and only the very rich, High fashion and Page 3 people shop there. If a shop manages to sell a couple of items a month , they are profitable !! Just visit any of the washrooms. Everything is golden and super posh and an attendant gives you rolled hand towels to dry your hands !!! I forgot to pee as I was admiring the walls ,basins and urinals.

DLF Promenade - This has caught on very nicely in the last 6 months with most of the shops opening.

Ansal Plaza , Khel gaon marg- Always Busy due to location.

EDM, Ghaziabad - Busy even during daytime on weekdays. Big Bazaar and PVR are a magnet.

Pacific Mall, Ghaziabad - Always busy due to good location( excellent catchment area of Kaushambi/Vaishali) + multiplex+excellent food court +Spencers hypermart

Shipra Mall , Indirapuram - One of the best malls in NCR architecturally. Has excellent mix of shops, Food Bazaar, JAM multiplex etc. People are spilling out on the weekends.

Select City walk - No need for comments . It's the best.

Malls in Shivaji District Centre , Rajouri Garden - There are 5 malls here and each of them are buzzing in the evenings ( esp City Center and WestGate). Mall hopping is popular here esp amongst the rich youngsters of West Delhi.

[Indian Rockstars]

Originally Posted by amalfi

Check out the status of the world's largest shopping mall in Beijing which is still 99% vacant even after 4 years of opening.

http://www.dailymail.co.uk/news/worl...ng-centre.html

Atleast , the Indian malls are not in such bad shape. Average vacancy is only about 20% nation wide. An overwhelming majority of Malls (at least in the metros)have the deadly combo of a Multiplex + Food court+ Numerous restaurants + Hyper Market/Departmental store (like Big Bazaar , Spencers , Reliance Mart, Shopper's stop , Pantaloons, Lifestyle, Westside Globus etc). With such a combo , a mall cannot fail .

It is only the badly planned malls vis-a-vis location, small size and poor client mix which are in trouble.

Status of some of the Malls in NCR which I have visited of late:

Great India Place, Noida - Best mall in Noida and always buzzing and esp heaving during weekends

Centrestage Mall , Noida - Once the most happening mall in NCR, is quieter now but still busy with a Multiplex, Westside , loads of good eating options and a rocking night club.

Spice mall - Very popular due to a Multiplex + Haldiram + Huge FABINDIA

MGF Metropolitan Mall , Gurgaon - Remains Gurgaon's most popular mall still.Always buzzing even on weekdays. Has a great Multiplex and an amazing Food court.

Sahara Mall , Gurgaon - Always crowded due to Big Bazaar.

Ambience Mall , Gurgaon - It is currently the most happening mall in Gurgaon and is far from deserted. Maybe be size of the mall and big size of shops gives the impression of it being relatively quiet.

DLF Emporio - This was not created for Aam Janta but the cream of society and only the very rich, High fashion and Page 3 people shop there. If a shop manages to sell a couple of items a month , they are profitable !! Just visit any of the washrooms. Everything is golden and super posh and an attendant gives you rolled hand towels to dry your hands !!! I forgot to pee as I was admiring the walls ,basins and urinals.

DLF Promenade - This has caught on very nicely in the last 6 months with most of the shops opening.

Ansal Plaza , Khel gaon marg- Always Busy due to location.

EDM, Ghaziabad - Busy even during daytime on weekdays. Big Bazaar and PVR are a magnet.

Pacific Mall, Ghaziabad - Always busy due to good location( excellent catchment area of Kaushambi/Vaishali) + multiplex+excellent food court +Spencers hypermart

Shipra Mall , Indirapuram - One of the best malls in NCR architecturally. Has excellent mix of shops, Food Bazaar, JAM multiplex etc. People are spilling out on the weekends.

Select City walk - No need for comments . It's the best.

Malls in Shivaji District Centre , Rajouri Garden - There are 5 malls here and each of them are buzzing in the evenings ( esp City Center and WestGate). Mall hopping is popular here esp amongst the rich youngsters of West Delhi.

+ 1...lol

[Indiadreams]

Originally Posted by amalfi

Check out the status of the world's largest shopping mall in Beijing which is still 99% vacant even after 4 years of opening.

http://www.dailymail.co.uk/news/worl...ng-centre.html


DLF Emporio - This was not created for Aam Janta but the cream of society and only the very rich, High fashion and Page 3 people shop there. If a shop manages to sell a couple of items a month , they are profitable !! Just visit any of the washrooms. Everything is golden and super posh and an attendant gives you rolled hand towels to dry your hands !!! I forgot to pee as I was admiring the walls ,basins and urinals.

.

Many high-end brands could not survive in India. The recent example is Gas. We have to wait a couple of years to know if these high end brands and malls survive in India with their current pricing strategy.

[Indiadreams]

Originally Posted by Abhishek901

When this mall broke ground, it was a boom time. Anything was feasible then but not now. Slowdown in demand has led to oversupply. Don't forget that malls take 2-4 years to become a reality from concept. When slowdown came, many malls were already u/c and could not be stopped. So they had to come up leading to oversupply. It will take few years for this demand supply mismatch to vanish. At that time this mall will be viable but not now.

BTW, why would anybody's feelings will be hurt ? We haven't invested our money in that mall

Exactly, if it happens it will be executed in phases (to be more flexible) after the lessons learnt in the past. And IMO, that is not going to happen in the next 2-3 years.

[KuwarOnline]

Originally Posted by amalfi

Everything is golden and super posh and an attendant gives you rolled hand towels to dry your hands !!! I forgot to pee as I was admiring the walls ,basins and urinals.