Gone are the days when hi-end malls and organized retailing was a phenomenon of the big cities only. Today most of the shopping mall projects are targeted towards emerging real estate growth centres. Here, Lucknow real estate is something that is witnessing splendid growth in the retail commercial properties.
Organized retailing ushered in Lucknow with Sahara Ganj. Sahara unveiled their mega mall in Lucknow in 2005. Sahara Ganj, that boasts of 425,000 Sq Ft covered area centrally air-conditioned environment, became a huge hit with the masses and retailers of Lucknow.
Besides this, Zee Mall (Fun Republic) and the East End Mall (Wave Cinemas) are also very prominent shopping destinations in Lucknow. East End Mall (Wave Cinemas) was the first mall in Lucknow, followed by Sahara Ganj and Fun Republic.
These malls are hub for best international brands along with some of the prominent multiplex screens in the city. Some of these malls host lounges and discotheques. Certainly, the
Establishment of these malls in the city revolutionized in a great way. People got fascinated with the quality and luxury, and started looking for properties that could actually match and reflect their lifestyle. Subsequently, the residential properties in Lucknow also gained upgrade in the quality of demand.
'Lucknow people are becoming quality conscious, especially the introduction of swank shopping malls have led to consumerism boom in the city. Entry of big corporate companies in Lucknow has also been resulting to enhancing income levels and it's ultimately the Lucknow real estate that would bear the fruits,' said a Lucknow based property dealer.
He added that though the commercial properties in Lucknow's Hazratganj, MG Road are still the hot one but the new mall projects are successfully attracting big brands and their franchises to establish shops there.
Apart from this, business hubs like Yayaganj, Aminabad, Kapoorthala, Janpath, Chowk and Hazratganj also boast of at least a dozen shopping malls.
