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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Ghaziabad > Aerens Europark Mall - 200 Crore Multiplex, 1KM from Vaishali Metro
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Old August 28 2012, 12:00 AM   #1
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Default Aerens Europark Mall - 200 Crore Multiplex, 1KM from Vaishali Metro

Hi Gzb Realty Experts,

There is a big shopping mall coming up on NH58 near vaishali / vasundhara with the name called Europark.. The mall is almost 90% ready and the fit-outs are going to start in next 3 months.. Total lea sable space is approx 1 million which is more than that of Mahagun Mall and Pacific...

They have already tied up with Reliance which is coming up with a Huge Hypermart of 1.25 Lakh sq feet.. they have hotel, banquet hall, a 3 screen multiplex and office space as well in the same mall.. Some other Brands have also been tied up...

What are you views on this mall..The Retail leasable area should be around 5-6 Lakh sq feet after removing hotel, banquet and office space..

Some of the advantages:
Bang on NH58
Near Galaxy Cinema and JP industries on main Road
Delhi NCR's Biggest hypermart so far (as far as i know, i may be wrong)
Decent catchment population of Gzb, sahibabad, Hindon area, vaishali, vasundhara etc
Less congested in terms of parking and ease of reach..
More near to Gzb and RNE.

My concerns
What do experts think of Location???
with so many malls like Mahagun, MMX, Shipra, Pacific and local Gzb Malls , will it be able to survive and do well?

Kindly share your opinions..

 
Old August 28 2012, 05:31 PM   #2
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I think you are asking for that Mall which is just at Mohan Nagar (structure completed) or it is something else......

...........................

BTW one other big mall RED coming at Meerut Tiraha by the promoter of GIP Noida & Appu Ghar, RED is entertainment zone with water games. That discussion is below at IREF.
http://www.indianrealestateforum.com...lex-37739.html
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Old August 28 2012, 05:35 PM   #3
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Aerens Europark - Rs.200 crore Multiplex Project

Evershine Buildwell Pvt.Ltd., part of Aerens Group and Wianxx Impex Pvt. Ltd. worked their latest real estate venture Aerens Europark, India’s largest Multiplex Hotel-Hyper-Leisure-Retail Destination, spread over 7,50,000 sq ft.

This unique one stop entertainment destination will have hypermarket, Hotel, food court, multiplex, large format stores, clothing zones for men and women, music shops, branded stores, kid zone etc.

Speaking on the Occasion, Mr. Rajeev Anand, Director, Wianxx Impex Pvt. Ltd. said, “Having worked with some of the finest hypermarkets in the European Union, through its directors and associates we decided to leverage on the vast untapped potential in the retail sector in India. Even though the retail sector has seen unsurpassed growth over the last few years, there exists a latent demand for newer formats like hypermarkets. Aerens Europark is our first project in India and we are extremely optimistic about it.

Once complete seeing the magnitude of the project, we are expecting the footfalls to range from 15,000 to 40,000 approximately on weekdays and weekends respectively. Speaking on the launch, Mr. Ankur Gupta, Director, Evershine Buildwell Pvt.Ltd. said, “The idea behind launching this unique project was to create an all encompassing entertainment city, with a plethora of entertainment options like shopping, dining, watching movies etc., for all age and income groups. The most outstanding part of this entertainment destination is its size, the largest in the country and will house India ’s largest hypermarket, hotel, atrium, food court, and kid’s zone. The location is excellent in terms of visibility, commercial viability, logistics, transport and market reach and is in close proximity to the upcoming metro station. “This is one of our most prestigious projects in the country that will metamorphose the real estate sector in India . We have tied-up with Wianxx Impex Pvt.Ltd. so that they can provide their superior expertise and rich experience in such ventures and create a truly enriching experience for the Indian customer, he further added.

Aerens Europark is strategically located near Delhi-Ghaziabad border, along Madan Mohan Malviya Marg, about 3.5 kms from Delhi . It will not only cater to the population of the areas like Vaishali, Kaushambi, Vasundhra and Indirapuram but will attract residents from Noida, Ghaziabad, Shahdara, east and North-East Delhi .

Highlights of Aerens Europark Investment of Rs 200 Cr approx
-Only 3.5 Km from Delhi
-Built-up area of 7.5 lakh sq ft

The Shopping Complex to house:

-India ’s biggest Hypermarket
-India ’s biggest Atrium
-India ’s biggest food court
-India ’s biggest kids zone Zoned shopping
-6,00,000 sq ft leasable area in the mall
-Parking space of over 1100 cars
-Surface parking for 300 cars
-To have a 34-room Luxury Hotel spread over 27,000 sq ft


About Evershine Buildwell Pvt. Ltd.: Evershine Buildwell Pvt.Ltd., is a Company promoted by Aerens ABL and Aerens Jai House, which are part of the Aerens Group. Aerens Group is a multi-faceted, multidimensional & a technology driven corporate that has been synonymous with trust and dependability in the field of real estate for over 35 years. Aerens is one of the largest real estate developer in India involved in luxurious residential apartments & township development, shopping malls-cum-multiplex family entertainment centers and specialty malls, townships, retail. It has business interests across cities like Delhi & NCR, Jaipur, Amritsar, Ludhiana, Kochi, Bangalore, Madurai, Lucknow, Bhopal, Karnal, Jagadhari etc. Some of the prominent projects executed by the group are Gold Souk in Gurgaon, Wedding Souk, Pitampura Aez Vikaspuri, etc. About Wianxx Impex Pvt.Ltd.: Wianxx through its Directors and Associates have had business interests in the EU and have worked with Hypermarkets and Malls across six countries of the European Union including Germany and Austria.
 
Old August 28 2012, 05:41 PM   #4
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I got it's Location..... this is just with in 1 KM distance from Vaishali Metro Station near Country Inn & Suites. Yes I have seen that it's structure is completed and looking very very beautiful. Great location, good for investment.

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Old August 28 2012, 06:19 PM   #5
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All these ADVertisement talks of country's Biggest hypermart and kids zone is all BULL... I know its not true...

however Would be keen on knowing the opinion of experts for leasing space for some Retail purposes...
 
Old August 28 2012, 06:24 PM   #6
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i have seen this building. construction is going on very fast.I always thought that it is some kind of hotel glad to know that it is a mall.It's hardly 2 kms from my home.
 
Old August 28 2012, 10:15 PM   #7
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Hi ra_bunty,

What is your opinion about location of the mall and whether the mall would be able to pull some crowds from Mahagun Metro and Pacific Mall...

Do you think, there is a chance of success for mall of this size, when we already have pacific, shipra and Mahagun in close vicinity...

Jai
 
Old August 29 2012, 07:41 AM   #8
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well none of them r comparable to this mall in size also the location is really good.Furthermore if the above information is correct and reliance is opening a hypermarket it's going to be a huge crowd puller.but only time can tell if it's going to be a success or not.
 
Old August 29 2012, 10:24 AM   #9
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Old August 31 2012, 02:21 PM   #10
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Saurabh, i like your excitement..but trust me , not even half of them are signed, even LOI so far...

I like the mall though and looking forward to it...
luvguru likes this.
 
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