AHMEDABAD
The company is banking on the fact that the share of organised retail in Indian retail sector will rise from about five per cent now to about 20 per cent by the year 2025.
Ahmedabad One Mall (previously known as Alpha One Mall) will grow bigger within investment of about Rs 75 crore to Rs 100 crore, said the company. This will create and additional space of up to two lakh square feet.
Nexus Malls, the parent company, will invest. The company is banking on the fact that the share of organised retail in Indian retail sector will rise from about five per cent now to about 20 per cent by the year 2025. The existing mall has 7.20 lakh square feet leasable area, and Nexus is planning to add about 1.50-2 lakh square feet area. This will come up about the existing parking space for two-wheelers.
"We partner with brands, ensuring quality and quantity available in stores at the time of offers. We never compromise amenities for the consumers including parking of vehicles. In addition to this communication with the consumers have helped us grow the business of brands present in the mall," said Jayen Naik, senior vice president, operations and projects at Nexus Malls.
Its existing brands include Shoppers Stop, Lifestyle, Hamleys, Jack & Jones, Gas, US Polo, Gant, Nautica, Nykaa and Tommy Hilfiger and many more. Starbucks will debut in Gujarat through Ahmedabad One mall.
Naik said that Indian retail market is unique and will have a mix of traditional retail, organised retail and e-commerce. "Sixty per cent of Indian population is below the age of 35 and they are largest users of organised retail. Consumers are both value and brand conscious," he said.
He also welcomed the initiative of Ahmedabad Shopping Festival by Gujarat government and Ahmedabad Municipal Corporation and said that it should continue every year.
The mall has an average of 27,000 footfalls per day on weekdays rising to 50,000 on Sundays. Ahmedabad One had generated a business of Rs 756 crore in the fiscal 2018-19, with sales growing at 40 per cent.
The Power of Ayurveda: Dr Shyam's Ayurveda Leads the Wellness Revolution in Dubai
15 Crucial Factors to Consider Before Choosing MBBS in Georgia 2025: Education Vibes
Narayana Dominates JEE Main 2025 Session 1 with Exceptional Results
Karan Johar says Yash Johar was 'heartbroken' when Amitabh Bachchan's... flopped: 'He believed...'
Meet Acharya Indravarman: The best astrologer in Bengaluru & Karnataka
How to increase your chances of getting a personal loan
BIG win for Mukesh Ambani, Reliance beats Apple, Nike to become....
Ex-star cricketer, wife buy luxury apartment for Rs 110000000, it is located in...
How a name change caused makers of Bira beer to lose hundreds of crores; know what happened
The Power of Networking: How IFERP memberships open doors to global opportunities for universities
India's Got Latent row: Maharashtra Cyber Cell refuses Samay Raina's special request to...
Mukesh Ambani's wife Nita Ambani makes passionate pitch for Olympics 2036, says 'India will...'
Jyotiraditya Scindia makes BIG announcement on 6G, claims internet speed will be...
Meet man, who was once member of MS Dhoni-led Chennai Super Kings, now works as a bus driver
Did Virat Kohli get special food delivery amid BCCI's 'no personal chef' rule? Report claims...
Gautam Adani's BIG move in space sector, Adani-backed firm among three finalists in India's...
New India Co-op Bank: RBI uncovers massive fraud of Rs 122 crore; know what’s the case
Shakira hospitalised due to abdominal pain, apologises to fans for cancelling Peru concert
South Korean actress Kim Sae-ron of A Brand New Life fame found dead at 24
'Life-threatening cold' ALERT in US as Polar Vortex, snow, floods grip America: What does that mean?
Cristiano Ronaldo vs Lionel Messi, who is better? 66 per cent of former footballers believe...
Champions Trophy 2025: No Indian flag in Lahore Stadium sparks controversy ahead of tournament
After strong tremors in Delhi-NCR, 4.0 magnitude earthquake jolts Bihar's Siwan
Delhi-NCR earthquake: Netizens react with hilarious memes amid 4.0 magnitude tremors, check here
BAFTA: Payal Kapdia's All We Imagine As Light faces another disappointment, films loses to...
Student paraglides to college after getting late for exam, netizens react, watch viral video
Israeli PM Benjamin Netanyahu issues BIG warning to Hamas: 'Gates of hell will...'
Delhi-NCR Earthquake Today: Tremors of magnitude 4 jolt Delhi and adjoining areas
This film has broken world box office records, not Hollywood, Bollywood but...
Meet Satyam Pandey who got high-paying job offer, not from IIM, NIT, IIIT, his annual salary is…
Gurgaon couple reunites with lost dog after three-month search in Agra
Meet man, IIT graduate, who topped UPSC exam in third attempt, he is from...
Noida authority takes BIG action against promoters of 2 housing projects, as realty firm fails to...
WPL 2025: Ashleigh Gardner, Deandra Dottin star as Gujarat Giants beat UP Warriorz by 6 wickets
This city is the coldest, darkest and most polluted in the world, tourists are banned here due to...
New Fastag rules from today: Users may incur additional charges if...; check details
Inside Kareena Kapoor, Saif Ali Khan's son Jeh's mario-themed birthday bash, watch
Meet Indian genius, who got high-paying job offer, not from IIT, IIM, his annual salary is Rs…
Shoaib Ibrahim gifts new house to his mother-in-law, Dipika Kakar's mother gets emotional
Deepika Padukone joins Kartik Aaryan, Anil Kapoor, Jackie Shroff at Mumbai event; see viral photos
Man wanted in Canada's biggest gold heist found living in THIS Indian city, he is...
'Free Samay Raina': Badshah shouts at his concert in Gujarat
Amitabh Bachchan's son-in-law Nikhil Nanda faces legal trouble, FIR filed against businessman for...
'Rohit Sharma or Virat Kohli...': R Ashwin lambasts 'superstar culture' in Indian cricket
Bombay HC to hear PIL on Sushant Singh Rajput's death, actor's father says...
Ajay Devgn's absence from Kajol's Valentine's Day post sparks speculation: 'Kalesh chal raha hai'
Anil Ambani-led company's loss widens to Rs 3298 crore in just...; its business is...
Premanand Maharaj's morning yatra set to resume after..., it was stopped because...
Champions Trophy 2025: Gautam Gambhir, Ajit Agarkar clash over Shreyas Iyer's position in team
239 composite liquor shops to be opened in..., booze business ramps up in...
Mukesh Ambani may lose the position of Asia's richest after Reliance loses...in just...days
Elon Musk-led DOGE halts Rs 175 crore election funding for India due to...
Malaika Arora shares her Paneer Thecha recipe, here's how you can make it
Mahakumbh viral girl Monalisa steps into 5-star hotel for lunch for first time, see viral post