Gurgaon real estate initiatives
are always been a trend-setter for the property markets of India, and the
concept of 'Specialty Malls' is something that sprouted from this city and has
now been created waves across the country.
It was some couple of years ago
in October 2004 when India's first specialty mall based on precious metals,
stones and jewelry was launched here, and there is no looking back since then.
Gurgaon property markets have received the project with open arms!!!
Taking the cue, real estate
developers in Gurgaon and all across have started exploring the underlying
opportunities in the concept well enough and shopping mall projects focusing on
furnishings, furniture, lifestyle and so on...have been coming up at different
parts of the country.
After receiving tremendous
success for its specialty mall in Gurgaon 'Goldsouk', the Aerens Goldsouk
International has cooked ambitious plans to spread its wings over India.
According to sources, construction of Goldsouk mall in Jaipur is in full swing
and would be completed anytime in year 2009.
The emerging real estate market
of Ludhiana and Pune is also ringing high on charts as far as property values and
real estate trends are concerned. The cities have their due pie of specialty
charts.
Also, it is not that such kinds
of malls are making way in the northern part or a few big cities of the
country. Down south, the metropolitan city of Chennai also is slated to receive
a specialty mall in the same lines.
The beautiful port city of Kochi
is also not untouched of the wave. In fact, there is no reason why it should
not be receiving best of real estate projects of India.
According to the sources, Kochi real estate would also soon boast of a
specialty mall focused on gold and jewelry. And looking at the volume of
national and international visitors the city receives every month, the market
experts project success of the concept quite confidently.
The Retailers Association of
India (RAI) also keeps its fingers crossed over the subject and express content
over the way Indian markets have been reacting to the international real estate
themes. According to RAI, the number of specialty malls in India at present can
be counted on fingers but the same would be near 10 per cent of the total
number of shopping malls in India, in the medium term.
The article is written by Ravi
chauhan, they recommend you to check out the 1Bhk
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