Categories: LatestProjects

Urban Square signs up three more brands

Udaipur, July 18, 2020: Bhumika Group has announced that it has signed up three more international brands – Adidas, Puma & Asics in its flagship project, Urban Square, Udaipur. The total area on lease for three 3 brands is 2612 sq ft.

Urban Square is a 1.8 million sq ft mixed-use development, which also has a mall positioned as an ‘All Under One Roof’ with lifestyle retail, hospitality, along with a food court, a state-of-the-art multiplex, gaming zone, a bowling alley, and many more entertainment options. The development also includes Grade-A commercial office space, commercial serviced suites, and a 5-star hotel.

The mall has been able to sign new leases during the lockdown period because of the commitment developer showed towards the on-time completion of the projects. Some of the brands that have already signed up for the mall are Shoppers Stop, Reliance Trends, Inox, Marks & Spencer, Holiday Inn, Zudio, Aeropostale, Sketchers, US Polo, Arrow Sport, FCUK, F-Bar, Looks, Go Colors, Reebok, Pepe Jeans, among others. These brands have leased around 1.75 lakh sq ft area.

The delivery of Urban Square is progressing as per delivery timelines and the project will be delivered as per RERA commitment. It is one of the only few projects where the construction is progressing at Udaipur.  There is hardly any inventory left in the mall so it is the best time to invest in Urban Square, Udaipur. Talking about the availability of limited inventory in the mall, Uddhav Poddar, Managing Director, Bhumika Group said, “We have a good brand mix; more than 20 brands have been signed up and none of them have backed out so far. We have started to take confirmations from retailers and substantial retailers have already confirmed that they do not wish to renegotiate any terms and will take possession of the property in the first quarter of 2021. In fact, during Covid-19 we have been able to close some new leases also.”

There has been an unprecedented demand which is reflected in no reduction in prices; the indications are that prices are expected to appreciate soon especially once the mall becomes operational. “Since launch, there has been substantial appreciation in prices, even during Covid-19 & lockdown, Urban Square not only got huge inquiries but was also able to do closures at existing rates without any extra discounting showing that there is strong demand for the product despite Covid-19,” adds Mr Poddar.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

Know About Prateek Group’s Upcoming Premium Residences in Siddharth Vihar, Ghaziabad

Ghaziabad, December 21, 2024: As Delhi-NCR's luxury housing segment grows, the region sees the presence…

1 day ago

Finding Balance in Design: The Prana Homes Launches Mindful Living Collections

New Delhi, December 21, 2024: Redefining the art of holistic living, The Prana Homes by Pooja…

1 day ago

Real Estate 2025: Key Platforms Revolutionising the Real Estate Landscape in India

New Delhi, December 20, 2024: The Indian real estate market is undergoing a remarkable transformation,…

2 days ago

Film Producer Madhu Mantena’s Company Acquires Multiple Apartments Totalling Rs. 25.75 Crore in Mumbai: Square Yards

New Delhi, December 20, 2024: Madhu Mantena, the acclaimed film producer behind hits like Ghajini…

2 days ago

Dextrus Announces their 4th Premium Workspace at Mint, Sahar Plaza, Andheri East

Mumbai, December 19, 2024: Dextrus, a leading premium managed workspace provider, is excited to announce their…

3 days ago

Innov8 launches its largest flex space centers in Mumbai in 2 lac sq ft

New Delhi, December 19, 2024: Innov8, India's leading startup, continues its rapid expansion with the…

3 days ago