location_on Mulund West, Mumbai
Office Space & Retails Shops
In the upcoming project of Prestige City Mulund, shopping centers could meet their communities needs while taking on a town square role, which would allow retailers and retail real estate owners to meet consumers needs in ways online competitors cannot. As long as retail tenants match the demographics of their surrounding neighborhoods, the mall lifestyle at this property can be a sound investment property.
Lifestyle centers typically have at least two anchor tenants, and may also feature discount retailers and larger specialty stores mixed in with convenience retailers, such as dry cleaners, drugstores, clothing stores, apparel stores or cell phone stores. Grocery-anchored retail centers are characterized by the anchor grocery store being the largest tenant, with smaller stores or anchor tenants along with it.
Prestige City Commercial Project at Mulund west, Mumbai is a very large property, over 100,000 square feet, to be filled with, well, convenience-based retailers, like dry cleaners, nail salons, drugstores, and other types of stores where customers are looking for quick purchases or services. A retail center at this property will also serve as a showroom to potential customers, as space for live events, as a place to try new experiences and technologies, and much more.
And this is the key-retailers across a range of categories can tie together those channels and technologies to create great experiences with stores that are superior to digital-only retail strategies. Whether investing is via providing retail training, offering benefits, or creating a compelling culture, you have to find ways to attract and retain customers who have the purchasing power and preference for a quality product or service today.
Successful flagship schemes have been shown to help to sell the neighborhood, repositioning it both in terms of culture and geography. The development of new retail centers seems likely to have helped promote the local area as the place conducive to additional investment. The available evidence suggests that these early developments helped to spur new investment in retail and leisure, and, recently, offices, within the locality.
Over the last decade, Indian industry has seen many unicorns, with hundreds of billions invested in startup ecosystems, giving birth to these new-age industries. Top-10 funds have invested nearly over $40 billion in India over the last three years. Financial advisers are unequivocal about their views, saying small investors need to steer clear of the new-age topic funds.
Clearly, the story of new entrepreneur written away from metro cities, in semi urban and urban markets -- has just begun. And Indian family offices which have traditionally invested in real estate, gold, and fixed-income assets are unwilling to pass up on those opportunities, and are now investing aggressively in private markets. Prestige City Commercial property gives such investors an opportunity to set up their business at a prime location in the city.Project highlights
|Unit Type||SIZE (SQ.FT.)||Rate|
|Office Space||On Request|
|Retail Shops||On Request|