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Chennai to get decorate with new 20 super malls

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Real estate fire is grabbing each and every corner of the major cities in the country. As per the sources of www.propertykhanzana.com Chennai is gearing up for a major change in its infrastructural atmosphere since a number of projects are in the pipeline for decorating the city. With in the next three years Chennai will be added with 20 new malls at its various locations. Renowned builders of the country like DLF, Shriram Properties, and Prestige Group are to initiate the process soon for its upcoming retail market. Reputed realty magnet has already completed a Forum mall in Vadapalani freshly in Chennai and now the Bangalore based realty group is planning for its sequel Mall at the Mount Road of the tier I city.
It will be constructed in collaboration with the Vijaya Group with an investment of Rs 350 crores. It will be a huge site area with carpet area of 17 lakhs square feet. A source of www.propertykhazana.com also reveals that the realty advancement in retail sector is on the way of overtaking the other areas of development like residential plots. The boom rise in the retail market as raise the ladder of price of the properties unexpectedly in many like Besant Nagar, Aminjikaral, Velachery, Mogappair, Sirusseri, Semmenchery, and Perambur. Few others major realty like allied housing and development is planning a big size shopping mall in Siruseri area of the city with total area of seven lakh square feet. Same way there is plans with Ozone group acquired a total surface land around 14 lakh square feet for a jumbo market mall at the heart of the city in Anna Nagar at the township of Metro Zone. With such advancement in mall culture in Chennai the rent of the space for the entire retail segment has steeply climbed up with in last couple of years and expectations are still high for more rises in near future. Another super shopping complex is expected at Karapakkam near the metro city too which will be covering a total area of 11 lakh square feet.
Source: NIMMA BENGALURU

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