Omaxe Chowk has launched first-of-its-kind co-retail areas in its multi-level parking-cum-commercial challenge in Chandni Chowk. The challenge is prone to go underneath fit-out quickly.
Co-retailing supplies companies the operational and financial effectivity by lowering price or producing further income. Omaxe Chowk provides two co-retailing fashions, specifically sharing widespread industrial house and short-term leasing contracts. A shared house between two mutually related product classes (footwear & bag, attire & fragrance and so forth.) and 1-6 months’ lease agreements have been drawing large curiosity of shops throughout geographies. The challenge could have approx. 8000-10,000 sq ft space devoted for co-retailing.
Commenting on the identical, Jatin Goel, Director, Omaxe Ltd, stated, “Co-retailing is an emerging concept in the retail arena. For businesses, such flexible lease models will enable them to test new markets or sell a specific product in a new geography. This is also good news for businesses that were previously only available online and are now looking to adopt the omnichannel retailing strategy and go into brick-and-mortar space as well.”
The enterprise potential of working a co-retailing house in Omaxe Chowk might be ascertained from the truth that it is likely one of the largest organized industrial developments with multilevel parking facility in Delhi’s oldest market Chandni Chowk.
In Chandni Chowk, crores of rupees price of buying and selling occurs day-after-day in marriage ceremony clothes and equipment, jewelry, spices, electrical, digital items, books and so forth. from round India. Businesses from Surat, Varanasi, Jaipur, Kolkata and so forth. and reputed manufacturers have evinced curiosity in co-retail areas in Omaxe Chowk as a method to broaden their enterprise, generate new prospects or be amidst the massive enterprise and buying and selling circuit.
Goel added, “In the post-pandemic world, where market dynamics continue to evolve owing to the buyers’ behavioral changes, altered business models, and changing market strategies, the co-retailing concept can do wonders for retailers.”
The co-retailing expertise in Omaxe Chowk will likely be additional enhanced with its pollution-free, centralized air-conditioned, secure, safe and clear setting. Other fashionable facilities like taxi bay, washrooms, lounges, children’ space, meals court docket, tourism contact factors, 24×7 hearth security, shops, and distinctive inside design will present the much-needed assurance for companies and customers. More than 40 lakh customers, from all earnings segments, are anticipated to go to Omaxe Chowk.
Omaxe Chowk is a part of the federal government’s redevelopment of the Chandni Chowk challenge the place the street between Red Fort and Fatehpuri Masjid has been made a no-vehicle zone. Omaxe Chowk could have parking house for greater than 2200 automobiles. Also, Old Delhi Railway Station and well-liked markets and vacationer locations of Chandni Chowk are at a 5-min stroll. Direct entry from Chandni Chowk metro station can be proposed.
Source: www.financialexpress.com”