May 18, 2007
Retail cum office complex concept in India
The retail cum office complex concept is relatively new in India but is fast gaining in popularity because of the retail boom along with the increasing demand for quality office spaces across cities. The concept offers right mix of style, entertainment, shopping as well as a relaxed environment. Other than to regular shoppers, it also serves as a boon for people working in the complex as their retails needs are met without actually stepping out or driving to a mall.
Globally, too, the concept of mixed development of office complexes and retail space is popular. London’s Canary Wharf, for instance, which is home to some of UK’s most prominent offices, has malls with premium brands jostling for space located within the same buildings.
No wonder then that a number of Indian players have invested in such mixed use projects in various cities. Taneja Developers and Infrastructure (TDI) has two office cum retail projects lined up in the capital.TDI Centre,located in Jasola, has its shopping space on the ground and first floor and office premises on the upper level.
TDI Southern Park, located in south Delhi at Saket District Centre is the second project, which is operational and also features an independent central leisure area. Top retail names such as Pepe, Reebok, Costa Coffee, Candico, Cantabil, Archies, VIP, Lee Cooper and Numero Uno are some of the major brands that have already signed up with them.
Although this is new concept in India, it has started in metro cities and will soon move to tier-II & III cities as well. Taneja Developers and Infrastructure (TDI) plans to develop such complexes in cities like Sonepat, Panipat, Agra, Mohali, Meerut, Moradabad, Mohali, Chandigarh, Indore also in the near future. These complexes provide an impressive array of offices. Moreover, with the IT boom and BPO culture seeping into the country, there is a trend of working in shifts. With these kinds of complexes, people working in shifts will have the flexibility of shopping till late within the office premises or grabbing a quick bite anytime at any of the coffee shops or food outlets.
source: The Economic Times
Globally, too, the concept of mixed development of office complexes and retail space is popular. London’s Canary Wharf, for instance, which is home to some of UK’s most prominent offices, has malls with premium brands jostling for space located within the same buildings.
No wonder then that a number of Indian players have invested in such mixed use projects in various cities. Taneja Developers and Infrastructure (TDI) has two office cum retail projects lined up in the capital.TDI Centre,located in Jasola, has its shopping space on the ground and first floor and office premises on the upper level.
TDI Southern Park, located in south Delhi at Saket District Centre is the second project, which is operational and also features an independent central leisure area. Top retail names such as Pepe, Reebok, Costa Coffee, Candico, Cantabil, Archies, VIP, Lee Cooper and Numero Uno are some of the major brands that have already signed up with them.
Although this is new concept in India, it has started in metro cities and will soon move to tier-II & III cities as well. Taneja Developers and Infrastructure (TDI) plans to develop such complexes in cities like Sonepat, Panipat, Agra, Mohali, Meerut, Moradabad, Mohali, Chandigarh, Indore also in the near future. These complexes provide an impressive array of offices. Moreover, with the IT boom and BPO culture seeping into the country, there is a trend of working in shifts. With these kinds of complexes, people working in shifts will have the flexibility of shopping till late within the office premises or grabbing a quick bite anytime at any of the coffee shops or food outlets.
source: The Economic Times
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