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Discount Malls to reach small cities

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The Indian Realty Market is at its Best with new concepts on floors and certainly the major and the small realty companies are gearing up for developing the trend of Discount malls selling the branded items at a very competitive price and high discounts of about 30-40%.
It is reported by the sources at the www.propertykhazana.com that about 50 malls are being developed in all major cities of the country and the construction of these malls are expected to complete within couple of years. It is further added by the sources that the Mumbai based Royal Palms is in eager to present the first discount mall in western suburbs of Mumbai covering the built-up area of about 3 Lakh Sq.Ft.
Speaking to the www.propertykhazana.com Mr. Dilwar Nensey , the JMD of Royal Palms said that the upcoming mall will have all the leading brand outlets.
Fallowing the Orchid Road Mall, there is another mall named Cityworld being developed by Aakruti Nirman has plans to develop the similar malls in some of the major hubs in Mumbai. Further, the Chairman Mr. Hemanth Shah said that the company is willing to develop the discount malls in all major and Tier -2 cities with an area ranging from 1 Lakh-3 Lakh Sq.Ft, and about 6 Lakh Sq.Ft at the metro cities.
Source: NIMMA BENGALURU

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