Binod takiawala
· Over one lakh sq ft of space will be ready for the fit outs by March 2023
· The mall will have 4 screens multiplex with 180 retail outlets
· Hyper-market, food court, gaming zone and many more entertainment options.
Alwar, Oct 19, 2022— Realty firm Trehan Home Developers Private Limited (THD), one of the leading developers of Rajasthan, is investing about Rs 35crore to develop a shopping mall at Alwar in Rajasthan.
The construction work in the shopping mall ‘Urban Square’, comprising a leasable area of 1.3 lakh square feet, will be completed by March next year. This will be the largest mall at Alwar.
Trehan Group is investing about Rs 35crore to develop the mall that has ground plus five floors. The mall is coming up at Alwar Tijara Road, next to Trehan’s 200 acres township— Apna Ghar Shalimar.
The company has already tied-up with INOX to introduce a four-screen multiplex on fourth and fifth floor of the mall along with approximately 10,000 square feet of food-court.
One floor of the mall has been named as “Jan Path.” This floor has been strategically dedicated to promote local and Rajasthani products and workmanship. Several other branded outlets are lined up to open their showrooms in the mall. Mall will have parking space for approximately 150 four-wheelers and about 300 two wheelers.
“Considering the catchment and target audience, we have planned the mix of value, premium and international brands in the mall with a special focus on the right mix of anchor and vanilla stores. Right size of the food court and entertainment centre is also very important for attracting footfalls and success of the mall,” said Mr. Saransh Trehan, Managing Director, Trehan Group.
While retail space is open for sale, Trehan Group has kept the leasing rights with itself.
“Malls in which spaces are individually sold (or ‘strata sold’) tend to suffer from the absence of proper mall management, we don’t want that to happen with Urban Square Galleria. While we are selling out space to avoid locking money, we want to be ensure proper tenant mix and management of the mall, to generate better experience for people and return to investors,”
