Friday, November 25, 2005

The city of malls

The city of malls
The number of shopping malls coming up in the city is an indication that Bangalore is set to witness a new skyline, writes The Times of India


The charm of Bangalore only gets better with every passing day. Even while Bangaloreans cry for better infrastructure and an efficient traffic management system, they have something to cheer about and it's because of shopping malls. Dotted all round the city and peripheral areas, they are of international standards and stand tall for modern architecture and are redefining the city's skyline. Digest this: the city has in the last three years witnessed over 20 small and massive malls.

The last quarter saw a whopping 4.85 lakh sqft opened for leasing activity - Garuda (3 lakh sqft) on Magrath Road, Sigma Mall (1.20 lakh sqft) on Cunningham Road and the Prestige Eva (65,000 sqft) off Brigade Road. The city is also witnessing the construction, of probably the largest mall in the country - the Mantri Mall on Sarjapur Road that will have a total built-up area of 18 lakh sqft and is expected to be completed by end 2006.

It may be noted here that the city witnessed the concept of supermarkets taking off in the 1990s and the mall concept in 2000. Today, the mall concept, which took Europe by waves, has hit Bangalore after the National Capital Region which includes Delhi and Gurgaon and Mumbai in a big way. Industry sources reveal that by the end of 2006 around 25 lakh sqft of space for retailers will be up for transaction. However, they also say that pre-completion activity involving malls is so hectic that retailers are busy meeting big brand houses of international and national repute to close in on deals.

The benefit from this new development is mutual as it creates a win-win situation for both builders and consumers. Huge range of lifestyle products lined up across the mall of all brands under one roof has proved too convenient for the shoppers. Kids corner, cafeteria, beauty saloons, gaming zones are value-adds that encourage shoppers shop till they drop. Unlike erstwhile shopping centres, where compartmentalised shops lead to fatigue for the shoppers, the malls offer a new air of excitement as shopping is made a more pleasurable experience in these days of human race against time and deadlines.

While the last 10 years have been a crucial period for Bangalore's real estate sector, the demand and supply logistics have been quite in proportion with respect to housing. On the other hand, builders are exploring the market for malls and retail centres as the capital holdings in malls go a long way in asset creation, branding and realty holdings. Also, the imposing malls are now seen as signature buildings. On major plus factor fuelling this market is that these spaces come at a premium and retailers don't give a second thought to pitch their sales here.

The UB City's massive commercial entity right in the middle of the city is expected to add a new dimension to the cityscape. Sample this: Rolex, Gucci, Armani to mention a few will be housed here. Today, malls such as Forum, Bangalore Central, Garuda, Sigma and Poorva Pavilion give the city the look of a metropolis. However, what comes with these malls is the realisation that the city is ready for international brands, be it designer clothing, watches or leatherwear.

More to come
While architects are busy on designing more of them, work on 11 malls has started and racing against deadlines. G Corp Lido Centre (erstwhile Lido Theatre), Forum Mall (Shantiniketan, Whitefield), Ozone (Factory outlet, Whitefield), Brigade Metropolis, Brigade Gateway (Yeswanthpur), Mantri House (Sarjapur Road), Sobha Minerva (Minerva Mills), Sigma Grand, Tata Imperial (erstwhile Imperial Theatre), Galaxy Embassy (erstwhile Galaxy Theatre) and Poorva Mall (Old Madras Road) will be up in the coming year totalling approximately 25 lakh sqft.

6 Comments:

At Friday, November 25, 2005 at 2:54:00 PM GMT+5:30, Anonymous Anonymous said...

the Mantri Mall on Sarjapur Road
I have never heard of it. I have not seen anything or development of it. As far i know salarpuria is there near sobha apartments.. i thought it might be a mall.

who is the builder.. even the builder has no idea about the construction of this large scale.. i doubt this article

 
At Saturday, August 26, 2006 at 11:37:00 AM GMT+5:30, Anonymous Anonymous said...

I heard that Mantri mall is coming up somewhere near Malleshwaram, but as per this article it is coming on sarjapur road, am confused...

 
At Saturday, September 15, 2007 at 8:12:00 PM GMT+5:30, Anonymous Anonymous said...

Another mall is going to come on Kanakapura rd where family mart was situated (450000 sft). Two more proposals for malls are on at kanakapura rd.Then there is Gopalan Mall on mysore rd which is already operating, but does not find mention here.

 
At Sunday, February 10, 2008 at 11:43:00 AM GMT+5:30, Anonymous Anonymous said...

It's right there next to Mantri Greens apartment complex. Hard to miss. Just take 8th Main straight down and look up, you'll see the apartment towers, go around to the other side, there's the mall. Its quite an imposing set of structures, therefore curious so many people can't see them, even with Malleshwaram's abundance of greenery.

 
At Monday, February 25, 2008 at 10:21:00 PM GMT+5:30, Anonymous Anonymous said...

well,am a civil engineer working for the same project (Mantri Mall). Trust me this is the best project to work on.once finished,this would be the biggest mall in bangalore..it comprises of lower basement and upper basement with "puzzle car parking system"(u'll come to know when u luk at it.so,no point in xplainin the technical details abt that)n then theres lower ground floor,upper ground floor,first floor,second floor,third floor (comprising of Food court and INOX multiplex) and then terrace.well,i guess u can watch a movie with ur family by summer of 2009 at INOX @ Mantri Mall.oh,by the way,theres one more mall coming up close to jayanagar (near Ragi gudda) named as Shop @ Mantri ..so,get ready to shop.............

"Aham-Brahmasmi"

 
At Monday, February 25, 2008 at 10:30:00 PM GMT+5:30, Anonymous Anonymous said...

heres some more good news for shoppers

Malls in Bangalore
Cosmos Mall
ITPL Road , Brookefield
Bangalore 560037
Phone: +91-80-6452-8945


The Forum
Hosur Main Road
Koramangala
Bangalore 560095
Phone: +91-80-2206-7803


Lido Mall
Trinity Circle
Ulsoor
Bangalore 560008
Phone_ +91-80-41472625


Garuda Mall on [Size: 300,000 sq ft]
15, Commisionarate Junction
Magrath Road
Bangalore 560025
Phone: +91-80-41124863


Gopalan Mall
146, Gopalan Legacy
Mysore Road ,
Bangalore 560026
Phone:+91-80-4020-5921


Prestige Eva Mall off Brigade Road [Size: 65,000 sq ft]


Sigma Mall [Size: 120,000 sq ft]
15,16,17 , Cunningham Road
Bangalore 560052
Phone: +91-80-4147-5913
Under Construction
Brigade Metropolis
Brigade Gateway [Yeswanthpur]
Forum Mall [Shantiniketan, Whitefield]
G Corp Lido Centre [old Lido Theatre] in Ulsoor
Galaxy Embassy [old Galaxy Theatre] on Residency Road
Mantri House [Sarjapur Road]
Ozone [Factory Outlet, Whitefield]
Sigma Grand
Sobha Minerva [Minerva Mills]
Tata Imperial [Old Imperial Theater] off Brigade Road
Poorva Mall on Old Madras Road

"Aham-Brahmasmi"

 

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