And, substantial leasing activity was witnessed at Nagar Road and Shankarseth Road during the June 2012 quarter, which helped overall vacancy rates in this city decline to 17.5 per cent.
Also, while 2.5 million sq ft of additional space is expected in the city over the next two years, strong demand should help keep rentals stable at Rs 118 per sq ft.
KOREGAON PARK PLAZA
The mall is located in a very affluent part of the city and it is a one-stop-shop for affluent Puneites shopping for high-end cosmetics and apparels, amongst other product categories. And, spread over four lakh sq ft, this mall was recently completed at a capital expenditure of about Rs 500 crore. The food court here has a range of options including Mc Donalds, KFC and Pizza Hut, and can accommodate 500. In addition, this mall also offers ample car parking facilities for four-wheelers and two- wheelers.
It is designed keeping in mind the needs of the rapidly evolving city and spread over 10 lakh sq ft, it offers leading Indian and
international brands of footwear, apparels and cosmetics, amongst others.
Apart from that, this mall features an array of dining and quick service restaurants, for both the youth and family.