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Southern metro to add more malls to its credit

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Souther metro Chennai has become a hot spot of the realty industry till from the day of its announcement for its metro projects. By the sidelines it has opened up opportunities for other realty growth in the city. According to the source of www.propertykhazana.com despite going through the passage of hard realty phase in the country there might be construction of 6 to 8 more in the form of Malls in the coming days.
National head of Lang LaSalle Meghraj has revealed at the www.propertykhazana.com that in the coming two or three years Chennai will be added with few more malls to its credit with “full pledge inclusion of cinema theaters, food centres, gaming stalls and other business occupancies. These two malls are expected to get start by current financial year with one ‘Ampa’ mall at Aminjikarai and ‘Express Avenue’ at the posh location of whites Road”. And on the other hand Rajneesh Mahajan from Cushman and Wakefield has said that “being in the mid of the realty stagnant it has become very hard to predict about the successful completion of the malls around the metro”.
On a short note with the landlord and developer of the Ampa mall has stated that “despite the realty recession and downfall across the nation, we will be not waiting for the right time and so continues the project and is nearing completion for the public”. Source of www.propertykhazana.com also reveals that unlike the other metros, Chennai has only two of its kind and has faced a huge gaping between the demand and supply. To eradicate the variance and to provide more space to the retailers upcoming mall has chance to bit the recession bug. JLLM also adds that “the organized space of retails at the southern metro in around 5 percent against the 35 percent in the capital city and 17 percent in Mumbai”. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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