NO SPACE TO SPARE!
HYDERABAD
There was no net absorption of retail space in the city in the June 2012 quarter, and the vacancy rates remained broadly stable at 2.1 per cent.
This city is expected to see a broad pick up in economic activity, as well as an improved employment prospects over the next few quarters.
No doubt, 5.6 lakh sq ft of mall space is expected to be added in this city over the next 12-18 months, but improved demand conditions could result in rentals rising marginally from Rs 127 per sq currently.
GVK ONE MALL
This mall targets the SEC A and higher residents of the posh Banjara Hills, and it has an average daily footfall of nearly 40,000. Spread across 3.5 lakh sq ft and Shoppers Stop is the anchor tenant. It has also been designed keeping in mind the sophisticated consumer and features leading brands, including Lerros, Calvin Klein and Maybelline.
Another popular attraction at this mall is the largest free standing salt water aquarium in the country and a ten metre long glass
bridge with colour changing LEDs.
INORBIT MALL CYBERABAD
It was the third mall launched by Inorbit in 2009, and its monthly footfalls have already crossed ten lakh. And, it is also one of the largest malls in southern India and spread across 14.7 lakh sq ft, the anchor stores are Shoppers Stop and HyperCITY.
This mall has been designed by Callison, a leading US-based architectural designer company.
OASIS CENTRE
This mall is located at the well known Somajiguda Circle, at the G Pulla Reddy building and it helps to attract a larger base of
shoppers from the city. This mall has been constructed by a Dubaibased company and is a wonderful shopping experience for families. This four-storied mall made by Landmark Group and features most of the leading brands including Lifestyle, Splash and Max, amongst others.
CITY CENTRE
This mall also targets the affluent residents of Banjara Hills and other consumers located close by, and its features leading brands including Globus, Arrow, Mufti and Pepe.
Apart from that, the events organised at Crossword bookstore and an array of dining options including biryani, are also popular with this mall’s target audience.
In addition, the pub Phirangi Paani is also well accepted amongst the youth of the city.
HYDERABAD
CENTRAL MALL
A mall launched almost a decade ago and it has monthly footfalls of over four lakh. It was built with a capital expenditure of nearly Rs 70 crore and features 300 brands including Marks & Spencer, and Central, amongst others. It also offers adequate parking facilities for cars and two-wheelers.
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