Gulbarga’s first mall, Shradha mall, will become operational in January 2011. Being developed by Kalaskar Properties Private Limited (KPPL), the 1.45 lakh sq.ft mall will significantly improve the shopping experience of the people of the city.
K Vijaykumar, vice-president, KPPL, says, “Shradha is the first mall of Gulbarga. People of Gulbarga currently visit Hyderabad (220 km from here) during the weekends for all their shopping needs. With Shradha mall opening up shortly, they will have an excellent shopping and cinema-viewing experience, right in the heart of Gulbarga.”
The total investment on the project is estimated to be around Rs.25 crore. The mall will have a three-screen multiplex – with a seating capacity of 950 people and spread over an area of 41,000 sq.ft. The Kalaskar Group is in talks with top three multiplex operators. “Discussions are in the final stages with three leading operators in the multiplex category,” reveals Anil Kalaskar, managing director, KPPL.
One of the anchor tenants of the mall will be Big Bazaar, which will occupy 34,100 sq.ft area. The total chargeable area in the mall is 63,000 sq.ft, of which 36,393 sq.ft has been signed up. “Discussions are in advanced stages with many retail vanilla brands in the remaining area of the mall. The fit outs will be handed over to the retail brands by September 2010. The lease for the multiplex areas and the food court is yet to be finalised,” adds Vijaykumar.
The areas serviced by the mall would include Vittal Nagar, MB Nagar, Bramapur, Jagat, Khubha Plot Layout, Sangameshwar Colony and Darga Area, among others.
— Diwakar Kumar
