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The Vatika Group, one of India’s leading real estate developers, has recently partnered with IREAA India Pvt Ltd as key leasing partners for their retail developments in New Gurgaon.
This agreement is intended to attract a number of well-known retail companies to the neighbourhood, delivering a great shopping experience for all New Gurgaon residents.
Vatika has the greatest retail presence in New Gurgaon. When compared to other developers, its retail offerings in the region have a 67% market share. The developer has strategically placed its retail projects in the region to maximise foot traffic.
Furthermore, the company claims that its projects have competitive pricing and top-notch facilities, distinguishing them from other micro markets in the vicinity.
The combination of low rates and rentals, as well as excellent infrastructure and facilities, makes New Gurgaon an appealing retail destination. Furthermore, with 18000-20000 residential units currently under construction, New Gurgaon represents an exciting prospect for shops.
However, prices are rising, making our collaboration with IREAA India an appealing option for retail brands wishing to build a presence in this developing market.
With its broad range of projects, New Gurgaon offers a plethora of opportunities, responding to the increasing demands of all segments of the population, from economical to high-end living. As a result, there is an increasing demand for retail options that cater to the citizens’ diverse requirements and interests.
Furthermore, the region’s excellent location and infrastructure have already attracted notable businesses such as Starbucks, McDonald’s, Bikanervala, Chaayos, Sodhi’s, Bata, and Body Shop, among others, which have opened stores there.
Recognising the expanding demand for retail, Vatika has thoughtfully developed a variety of retail offerings, including neighbourhood retail and high-street retail, ranging in size from 300 square feet to huge anchor stores. Some of these retail spaces are already open, while others are under construction.
With approximately 500,000 individuals currently live within a 5-km radius and an additional 4,000 residents relocating to New Gurgaon every month, the demand for retail is rapidly expanding in the area, making it a perfect place for retail firms to prosper.
We are confident that IREAA will bring their expertise in leasing our retail projects in New Gurgaon and residents here will experience great shopping opportunities.
We are confident that it will become a destination for people to shop, dine, and socialise. Furthermore, the retail projects are very visible and conveniently accessible, with plenty of parking.
New Gurgaon has convenient access to important roadways including as the Dwarka Motorway, NH 48, Pataudi Road, and Kundli-Manesar-Palwal (KMP) Motorway, as well as the Southern Peripheral Road (SPR), which connects prime Gurgaon areas.
Additionally, the upcoming operationalization of the Dwarka Expressway and Central Peripheral Road (CPR) in 2023 will further enhance the connectivity of New Gurgaon.
Furthermore, the location is within a 20-minute drive from industrial townships like Dharuhera and Bhiwadi, and a 5-minute drive from IMT Manesar. The Vatika Group has established itself as one of New Gurgaon’s largest developers, with a significant presence in the residential, commercial, and retail sectors.
Vatika Group has an excellent track record of delivering 48 million square feet of projects, including 8 million square feet of commercial and retail space, and has strong relationships with over 150 corporates and shops.
IREAA India Pvt Ltd, a leading real estate firm, on the other hand, specialises in commercial properties and brings extensive experience in leasing, investment advisory, and property management to the partnership.
Source- Financial Express