RASHBEHARI CONNECTOR | Acropolis - Mall & Comm | 3B+G+17fl | U/C

[samrat_m]

Shoppers Stop is surely coming to Acropolis, not sure about Hypercity. In fact Hypercity is not running well in other sectors. Here is a current report on the Status of Hypercity in general

http://www.financialexpress.com/news...plans/937888/1

Hypercity to be cautious on store expansion plans

MUMBAI: Hypercity, the hypermarket arm of retailer Shoppers Stop, is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster.
We would like to have a medium-sized business but it has to be a profitable business. Our idea is not to build huge scale, Mark Ashman, chief executive of Hypercity, said.
Hypercity contributes 30 percent to the overall consolidated revenues of Shoppers Stop.
Most organised food and grocery retailers in India are yet to turn profitable as they operate with little overheads and compete on razor-thin margins.
They compete with the neighbourhood mom-and-pop stores, where most Indians buy groceries because they are convenient and give credit.
Hypercity plans to open 2 hypermarkets in the current fiscal year that began in April from three last year and will invest 80-85 million rupees per store.
It also plans to roll out new stores in the geographies it is currently present in to reduce promotional and logistics costs.
Hypercity currently has 12 hypermarkets in India. It expects to be nearing store level profitability soon and hopes to achieve overall profitability by 2014/15, Ashman said.
Shoppers Stop is open to exploring tie-up opportunities with Asian retailers for its hypercity format depending on the government's policy on multi-brand retail, he said.
In December 2011, India suspended plans to open its $450 billion supermarket sector to foreign firms, backtracking from one of its boldest reforms in years.
We are not in any urgent need to get a foreign partner but we source a large number of products from Asia like home, sports, toys from China, Ashman said. The company, which typically opens 50,000-70,000 square feet stores, is also looking to open smaller sized supermarkets which will have a size of 25,000-30,000 square feet due to high real estate costs.

[soumalya747]

Current Status.








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[samrat_m]

Cool

[studdmanster]

@soumalya747- bro....

[NiladriG]

Acropolis as on 30.07.12

[samrat_m]

Seems to be touching about 15 floors.
Nice update, Niladri

[NiladriG]

I think it won't be opening before New Year.

[Sumanb]

New Year would be tight

[studdmanster]

I guess a month or two before next Puja (2013)

[samrat_m]

Acropolis, definitely the next landmark destination of South Kolkata, esp the South-East & Bypass area.

Latest render


Update, as of today, 15 levels up & 3 more to go.

[NiladriG]

Fantastic shot samrat, you took the pic from a vantage position. The skyscraper in the render looks fabulous.

[studdmanster]

Originally Posted by samrat_m

Update, as of today, 15 levels up & 3 more to go.

....by next puja...this might open....

[samrat_m]

Originally Posted by studdmanster

....by next puja...this might open....

Yes, it will. At least the mall will be operational if not the commercial block.

[Suncity]

samrat_m - your pictures of Kolkata are always a visual treat. Hope the GoWB hires you for publicity pics for Rising Kolkata. It would be a change from the standard Mandir-Masjid-Girja, girls in red ribbons going to school, ladies in lal paar saree, green paddy fields, smiling farmers, durga idol, Howrah bridge, misty Ganges ghat, Kumortuli.

[samrat_m]

Originally Posted by Suncity

samrat_m - your pictures of Kolkata are always a visual treat. Hope the GoWB hires you for publicity pics for Rising Kolkata. It would be a change from the standard Mandir-Masjid-Girja, girls in red ribbons going to school, ladies in lal paar saree, green paddy fields, smiling farmers, durga idol, Howrah bridge, misty Ganges ghat, Kumortuli.

They don't find me good enough

[suproteek]

can anybody update LAKE mall's latest picture??? will there be any progress????

[studdmanster]

as on 9-11-12


image

[NiladriG]

Nice update studd, seems to be progressing fast.

Has it topped out?

[studdmanster]

Originally Posted by NiladriG

Nice update studd, seems to be progressing fast.

Has it topped out?

No...the tower crane is still working with full steam..

[studdmanster]

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