With footfalls and gross sales in malls nearing pre-Covid ranges, there’s a rising buzz amongst retailers to occupy premium house throughout a number of high-potential retail properties. Omaxe Chowk in Delhi’s Chandni Chowk, anticipated to go beneath fit-out quickly, has been witnessing a rise in visits by a number of nationwide and worldwide manufacturers in the previous few weeks.
Commenting on the identical, Jatin Goel, Director, Omaxe Ltd, stated, “Brands have shown a great deal of enthusiasm and are waiting for its opening with a lot of expectations. Several national and international brands and traditional businesses from Delhi and around India have visited Omaxe Chowk in the last few weeks. Many have already signed up.”
Omaxe Chowk is a multilevel parking-cum-commercial undertaking which is being developed in PPP mannequin with North Delhi Municipal Corporation in Chandni Chowk – Delhi’s oldest and one of many largest wholesale and retail markets.
The undertaking is of utmost infrastructure and heritage worth and eager observers of the retail business are of the opinion that not simply conventional companies however established manufacturers have been eyeing Chandni Chowk for an extended time period. Its redevelopment has upped the emotions of not simply retailers but additionally vacationers and buyers.
Goel added, “The lack of organised space in Chandni Chowk has prevented brands from entering this market. Omaxe Chowk has presented them with this opportunity which will help tap into approximately 4 to 6 lakh visitors who visit Chandni Chowk daily.”
The availability of parking for about 2200 automobiles and a proposed entry from Chandni Chowk metro station into Omaxe Chowk will generate natural eyeballs for manufacturers. The pedestrianisation of 1.3 KM stretch between Red Fort and Fatehpuri Masjid and the inquisitive nature of human conduct – A Mall in Chandni Chowk – will additional drive footfalls into Omaxe Chowk- situated reverse Sis Ganj Gurudwara and at a 5 min stroll from Red Fort, Old Delhi Railway Station, Gauri Shankar Mandir, Jain Mandir and well-known markets like Bhagirath Palace, Kucha Mahajani, Nai Sadak and many others.
Omaxe Chowk is working in the direction of enhancing the retail and buying expertise via fashionable facilities like pollution-free and clear areas and bringing beneath one roof a plethora of manufacturers.
The development of Omaxe Chowk is progressing at a breakneck velocity, the corporate claims.
Source: www.financialexpress.com”