As the darkness of recession recedes, Juhapura residents are seeing, more vividly than ever, the shiny promise of their neighbourhood getting its very first mall.
As the darkness of recession recedes, Juhapura residents are seeing, more vividly than ever, the shiny promise of their neighbourhood getting its very first mall. The ambitious project to set up a mall-cum-hotel near the Vishala Restaurant circle, which was stalled by the slowdown, has been revived.
As DNA had reported some months back, the project has been conceptualised by Ahmedabad-based Radhe Developers (India) Ltd. “The project, named ‘Olympus mall-cum-Hotel,’ is our longstanding plan,” said the managing director of Radhe Developers, Ashish Patel. “It was cancelled because of recession fear. However, the company will restart the project by December 2009.”
Patel said the new complex would consist of 11 floors, four of which would be dedicated to the mall, a four-screen theatre and restaurants. The rest of the floors will house a three-star hotel, consisting of around 300 rooms.
The company is in talks to bring the KFC, an international brand known for its non-vegetarian food items, to the mall. If KFC does enter Ahmedabad, it would represent its debut in the state. “The population around the prospective mall is dominated by Muslims,” Patel said. “Therefore, we thought of bringing KFC in. The mall will also have three to four restaurants, some of which will serve non-vegetarian food.”
Radhe Developers commissioned a survey on the viability of the project and found that Muslim shoppers formed a substantial chunk of clientele of the city’s malls. Other factors also augur well for the project.
“The hotel project has a great potential because that area has good connectivity,” said the COO of Real Estate Studies and Management Academy, Jigar Pandya. “Also, there is no three-star hotel in the vicinity.”
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