MALL RENTALS SURGE

AMRITSAR

Residents here are especially keen on luxury and allied products, and it has resulted in capital values in key retail locations such as Lawrence Road, Mall Road and Court Road, crossing the Rs 50, 000 per sq ft mark.

And, several developers from NCR have also rushed here to set up their operations, with a majority of malls in the range of 1.5 -2.5

lakh sq ft.

CELEBRATION MALL

It effectively integrates traditional shopping and best international retailing practices, in a bid to stay ahead of its affluent target

consumers located close to the Mall Road.

Originally opened in 2009, this mall is now being refurbished and repositioned as Star Centre, and in its new avatar, it will be a

downtown shopping centre offering a suitable mix of retail entertainment and office space.

And, this mall effectively utilises the three lakh sq ft between office and retail space.

ALPHA ONE MALL

This mall is spread over 20 lakh sq ft and located at GT Road, close to the city’s business district. It offers an Amritsari Bazaar which ncludes 51 stores and helps create an authentic atmosphere of Punjab.

And, while the range of cuisines offered are well appreciated, coupled with the handicrafts that are also popular with tourists.