The biggest bottleneck is availability of quality retail infrastructure/shopping malls, and even the malls which exist in the state are mostly small sized malls mostly focussed on local retail. However, this is where I think the opportunity also exists - to create world class ‘A Grade Shopping Centres’…
Bhumika Realty is the real estate vertical of the Poddar Group of companies and has diversified business interests spanning construction, warehousing, logistics, mining, textiles and manufacturing.
Bhumika Realty Pvt. Ltd. (BRPL) is established with the intention to build quality living, commerical and hospitality spaces which will set a new benchmark in the industry. BRPL is developing Urban Square, one of the India’s largest Retail & Hospitality Centric Mixed Use Projects in Udaipur, Rajasthan. The project is has a total built up area of 1.8 million square feet includes the entire gamut of Real Estate verticals being, commerical, shopping mall, a Five Star Hotel and serviced apartments all under one roof, with a theme of ‘After Here No Where’.
Multiple award winner BRPL has also started development of a Shopping Mall in Alwar, Rajasthan and now plans similar projects in other locations such as Jaipur, Jodhpur, Bikaner, Bhiwadi, Ajmer & Delhi NCR, mostly focussing on Tier II towns.
In an exclusive chat with IMAGES Retail, Uddhav Poddar, Managing Director, Bhumika Realty, talks about how Rajasthan can be a new hub for modern retail with infrastructures like Urban Square and other malls. He also emphasised on the vision, progress and road ahead for the brand.
Excerpts from the chat…
Tell us about the retail market structure in Rajasthan? How much has it grown & developed in the past 3 years?
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