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High Street Retail: Why it is better than a Shop in a Mall

front view of market walk a high street retail development by the vatika group

It is of no astounding surprise that high street retail stores are the new royals in town. There has been a visible and understandable shift, as consumers are tilting their preferences more towards high-street retail stores than conventional shopping malls. 

This dynamism in preference can also be attributed to the coronavirus lockdown, which strained relations between the mall owners and retailers and their inability to pay the fixed costs before their due dates. 

In case you are pondering upon the reasons to justify this shift in preference, this blog has got you covered. Elucidated below are the valid reasons for this new normal focus on high-street retail stores than regular shopping malls. 

Continue reading “High Street Retail: Why it is better than a Shop in a Mall”
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Gurgaon’s emergence as a retail space hotspot

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Millennium City Gurgaon in the recent time has become a leading financial and industrial hub with the third-highest per capita income in India. The city has 3,775 sq ft of modern retail space per 1,000 population.

It is relatively young, when compared to other cities like Delhi, Mumbai and Hyderabad and has most of the retail sector in the modern format with a striking 78 per cent being concentrated in malls. The Millennium City also leads in the modern retail space for households earning more than `300,000 per year, closely followed by Central Delhi, Noida and South Delhi. The concept of mixed-use spaces has contributed to the ample modern retail space in Gurgaon, and owing to the corporate character of the city, ground floor retail spaces in office buildings add to its modern retail footprint. Continue reading “Gurgaon’s emergence as a retail space hotspot”