Yes its confirmed....that Easyday (walmart,, india) has taken up 1.2 lakh sq.feet space in omaxe connaught place sector beta (near gnoida authority office) to open its largest hypermart in india within a year. Work is going on at decent pace.

Keeping in mind the gantry of Gnoida ( students and middle, upper middle class) this is sure shot winner.

Grand venezia work is going on at excellent pace and reported to have signed 150 brands by builder himself (no investor involved)...opening within a year.

This will be Great for Greater noida residents as well as societies on Noida expressway (due to easy approach and no traffic issues and even less distance)
It takes 10 mins to reach Pari chowk from sector 93.

Negatives: Ansal plaza mall which is showing some signs of recovery with nearly 40 brands operating in their mall will take a big Hit...also upcoming malls will have big problems as well...as Greater noida malls will cater to Gnoida, Noida expressway only....and not from delhi, ghaziabad like noida malls.

These 2 malls GV and OCP are going to be more than enough to cater to requirements of Gnoida, noida expressway residents for next many many years
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  • Good post Aam Aadmi................
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  • Welcome back zohaib : D

    Originally Posted by aam aadmi
    Yes its confirmed....that Easyday (walmart,, india) has taken up 1.2 lakh sq.feet space in omaxe connaught place sector beta (near gnoida authority office) to open its largest hypermart in india within a year. Work is going on at decent pace.

    Keeping in mind the gantry of Gnoida ( students and middle, upper middle class) this is sure shot winner.

    Grand venezia work is going on at excellent pace and reported to have signed 150 brands by builder himself (no investor involved)...opening within a year.

    This will be Great for Greater noida residents as well as societies on Noida expressway (due to easy approach and no traffic issues and even less distance)
    It takes 10 mins to reach Pari chowk from sector 93.

    Negatives: Ansal plaza mall which is showing some signs of recovery with nearly 40 brands operating in their mall will take a big Hit...also upcoming malls will have big problems as well...as Greater noida malls will cater to Gnoida, Noida expressway only....and not from delhi, ghaziabad like noida malls.

    These 2 malls GV and OCP are going to be more than enough to cater to requirements of Gnoida, noida expressway residents for next many many years
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  • Originally Posted by deeps79
    Welcome back zohaib : D


    Yup - correct. As pari chowk GN is back in fashion :)
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  • Yes, these 2-3 malls are going to be enough for Noida/ G Noida growth for next several years. Big projects like Delhi1 are having really hard time in moving ahead with construction even after 1.5 year of launch. Slight appreciation on paper from the launch price but no activity. I wonder how such an expensive mall would define its presence in Noida if it ever gets done even after 5 years.
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  • Population density is the key of making any commercial activity a HIT, and GN fails in that parameter completely with only few Lac population. Still the population growth of other areas of NCR are much more than GN. For making GN a success its population must cross 10 Lac anyhow otherwise commercial investment will only face loss in future with 2-3 lac population of GN.

    It is just the population effect that GZB has more Shopping Malls then Noida at this time.
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  • Originally Posted by saurabh2011
    Population density is the key of making any commercial activity a HIT, and GN fails in that parameter completely with only few Lac population. Still the population growth of other areas of NCR are much more than GN. For making GN a success its population must cross 10 Lac anyhow otherwise commercial investment will only face loss in future with 2-3 lac population of GN.

    It is just the population effect that GZB has more Shopping Malls then Noida at this time.



    I completely agree...People from Noida/GZB will definately will not go to GN for this...GN population is the major factor for its development in commercial sector...
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  • Originally Posted by deeps79
    Welcome back zohaib : D

    as Zohaib seems 2 b back with name aam aadmi, I urge Mr sbajaj to change his name to khaas aadmi. iref is getting boring these days ;)
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  • In my opinion:

    Noida city: GIP + Sector 18 + Upcoming mall of india + another big mall at city center area..that is 3 Huge malls and one commercial distrcit.....is more than enough to cater to needs of commercial in noida region for a long long time.....more than this will effect business in a bad way...due to less effective buyers/footfalls

    Greater Noida: One Huge mall like GV + sector markets is more than enough to cater to greater noida needs for a long long time....OCP Easyday will certianly generate good footfalls....but not sure if the whole mall can compete with GV....because if GV comes up with a well stocked and laid out hypermarket as well (may not be bigger..but well stocked)....then GV will be clear winner anyday.........rest other malls will have huge problems for sure....

    Noida expressway shouldnt have a commercial mall at all.....as approach from one side to another and even to go along service lanes takes more time than to simply come to expressway and zip to noida sector 18 or gretaer noida......builders and authority should try their level best to have operational SEZs as soon as possible
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  • Originally Posted by saurabh2011
    Population density is the key of making any commercial activity a HIT, and GN fails in that parameter completely with only few Lac population. Still the population growth of other areas of NCR are much more than GN. For making GN a success its population must cross 10 Lac anyhow otherwise commercial investment will only face loss in future with 2-3 lac population of GN.

    It is just the population effect that GZB has more Shopping Malls then Noida at this time.


    I agree in general that to have successful mall you need population living around that mall BUT the business model of walmart in the US is that they have most stores located outside the city limits and customers spend time/money to go to a walmart outside the main city. They may be trying the same tried and tested formula in India by locating their malls outside the main cities where rentals are cheap.

    I guess pull of walmart will be enough to make a success out of an otherwise flop project that Omaxe's mall is right now. It'd be interesting to see what kind of rental Omaxe is going to get from walmart.
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  • If one looks at Greater noida as a city....it was deliberately planned as low density residential area specially ctaering to middle and upper middle class gantry. The mall, shopping area running presently in the city were not leased after detailed study which just shows how dumb even big builders like ansal can or...or rather their management....as they say...paisa aa gaya par aqal nahin....omaxe most certainly has listened to someone who understands that market well :) and decided to open its mall with such a format...rather than opening with a reebok, nike or some useless store. I dont know about rest of the ml but footfall in Easyday (which is very well stocked and presented hypermart at good prices..with international feel) is 100 percent guarantee...rest of OCP...may or may not work.......

    Same goes for GV....90 p.c of that mall has to cater to middle, upper middle class gantry.....if not...expect shops to close down.....
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  • What is your opinion about Delhi1? I think it could be flop at these prices.

    Noida/G Noida only have some re-sale activity in the safe projects. Other than that, new projects are getting very poor response. Seems like nothing would move till next year election.


    Originally Posted by aam aadmi
    If one looks at Greater noida as a city....it was deliberately planned as low density residential area specially ctaering to middle and upper middle class gantry. The mall, shopping area running presently in the city were not leased after detailed study which just shows how dumb even big builders like ansal can or...or rather their management....as they say...paisa aa gaya par aqal nahin....omaxe most certainly has listened to someone who understands that market well :) and decided to open its mall with such a format...rather than opening with a reebok, nike or some useless store. I dont know about rest of the ml but footfall in Easyday (which is very well stocked and presented hypermart at good prices..with international feel) is 100 percent guarantee...rest of OCP...may or may not work.......

    Same goes for GV....90 p.c of that mall has to cater to middle, upper middle class gantry.....if not...expect shops to close down.....
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  • DELHI 1.......One of the Best locations possible..the location is supreme..BUT it has its issues....a clear cut indictation that 3c failed to understand Noida market

    Commercial shops in that project....then its a diff ball game all together...most of the shoppers want to park their car one place and have evrything under one roof....a clear cut example if the astounding success of ambience (which has flopped many malls in gurgaon) and GIP (which has impacted sector 18 and centerstage, etc).

    With Mall of india coming across GIP..sector 18 will be supreme in terms of Retail footfalls....the only region which can offer some competition to it is the Noida city center area...its a huge land bank..open...and bang on metro station...if planned and developed in proper way it cud be a stiff competition

    Commercial / Retails shops in Delhi 1....i feel will Not be successful

    Residential in delhi 1...Rates too high, maintenance too high, very high ticket price...and even though delhi has too much money..but still indians are indians....at cheaper price one can get an excellenet property like unitech grande, jaypee golf facing units in noida...Delhi 1 can never compete with Openness and expansiveness + exclusivity (golf course below) of such projects.

    For 5-8 crores one can get a Floor in Jor bagh area (NDMC) which is A grade property in whole of India

    Residentail in Delhi 1....way ahead of its times..3c shud have actually waited for 5-6 years to launch this type of project in noida...they shud have waited jaypee and unitech to come up in resale prices....

    Hotel Delhi 1...5 star hotel ....location is good...and may work...i write may....as it depends on who runs it.....Dont forget that one of the TOP locations in East delhi has one of the biggest Flop commercial area.
    Mayur vihar District commercial Belt...next to Mayur vihar phase 1 metro.....it has DND across the road...very expansive area....its in DELHI (not in Noida)...It has Metro just few metres.....it has seamless connectivity to South, Central, East and Old delhi...it has nearly hundreds of Uppermiddle class gantry living within walking diatnce.....and YET IT HAS FAILED...VERY BADLY.....its malls, hotel...all flopped....

    So in commercial....its a lot about ONE stop solution....variety of shopping....Leasing.....which delhi 1 cannot compete with sector 18 or even upcoming city center noida.......

    In my opinion Delhi 1 should have had a 5 star hotel...Only 1 floor of commercial retail shops dedicated to High End brands....and Flats ranging from 2000 to 5000 sq.feet...with entry price tag of 1.5 crores....
    It should NOT have office spaces...as that greatly effects the gantry in locality and parking woes....

    Keep a high end product High end.......and dont make the mistake of competing with South Delhi in terms of brand value....to attract south delhi rich class...offer them much higher standards at cheaper price....

    Bigger apprtment at same price funda doesnt work in delhi...as i said..one can get a Builder Floor unit in Jor Bagh at 5 crores....and Jor Bagh is Jor Bagh....no sector of noida, Gurgaon can match it..ever
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  • Originally Posted by ThePunjabi
    I agree in general that to have successful mall you need population living around that mall BUT the business model of walmart in the US is that they have most stores located outside the city limits and customers spend time/money to go to a walmart outside the main city. They may be trying the same tried and tested formula in India by locating their malls outside the main cities where rentals are cheap....


    See I will not comment on US business model but in India business model of any other country may not work as psychology of Indian Janta is completely different then other countries. Walmart has just started to open stores in NCR and I think Walmart will definitely open several stores in NCR (atleast 1 in every NCR city) with in next new years time to keep in mind of 25 Million public. Atleast for Walmart it will definitly face a huge competition from Big Bazaar, Reliance , More , Easy , Spencer. From others Walmart may take a gain but From BIG BAZZAR (isssse sasta kahi nahi) , Walmart will face tough competition. Let us see what will happen...

    As for Indian public forget it that person from Delhi / GZB / Noida will go to GN after spending lots of patrol & Toll Tax for SHOPPING on weekly/monthly basis. Few persons will visit it just once and then will go never from 30 to 40+ more distance.

    I simply let you know 1 my own case. I live in Shalimar Garden GZB from where BIG BAZAAR EDM (GZB) is 9 KM , BIG BAZAAR IP (GZB) is 10 KM and BIG BAZAAR Karkarduma (DELHI) is 6 KM. From last 2 years me & my wife mainly prefer to purchase weekly/fortnight basic from BIG BAZAAR Karkarduma (DELHI) as it is quite close from us & also CAR Parkting Charges of shopping mall is ZERO always anytime/anyday (good facility of shopping mall isn't it). US Market can not compare with Indian JANTA.
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  • Originally Posted by aam aadmi


    Hotel Delhi 1...5 star hotel ....location is good.....

    In my opinion Delhi 1 should have had a 5 star hotel...

    ....


    Mayur Vihar has one 5 Star hotel (Hilton) , one other 7 Star hotel (Hilton) going to operational with in 6 months , and one 5 star suites. All of these location are only 2 KM far from AkasharDham Mandir. I think even in 5 Star Hotels OVERSUPPLY will hit badly.
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  • Forget few people...NO ONE will go from delhi to GN for shopping......But if anyone understands Gnoida market....This Easyday / Walmart will NOT need footfalls from delhi to sustain itself.

    There is not a single Large format hypermarket operating in Greater noida...and there is no plan in future also....Yes a Big bazaar will open in MSX mall but thats around 30k sq. Feet....GV has not disclosed its hypermarket plan...and i am certain it will not be of this size.

    Wallmart is a world player and has resources which no one can match....u can visit easy day in mahagun metro mall in GZb and see the difference urself...not only prices are less...but quality, presentation and feel is much much better than other hypermarts operating in India.

    Gnoida has a sizeable 2-3 lakhs MiG, Upper middle class gantry and not to forget the numerous societies coming up in noida expressway.

    Thousands of flats will be ready in 137,168, 143, et sectors which are 10 mins from Gnoida...and for them noida sector 18 will be further...more traffic...expensive parking..etc....and many of them wud come to GV or Such Huge Hypermarts ...

    Greater noida commercial will ONLY cater to greater noida residents and noida expressway societies from sector 137 onwards ...thats why having One GV and One such Huge hypermart is enough to cater the footfalls.

    As far as i know...already this news has generated tremendous response amongst Gnoida residents..and one can expect excellent response....and with a brand like wallmart which is the biggest fish in hypermart business in the world...and a huge set up in a very decent location....i personally feel....no other hypermart in Gnoida will be able to compete with it

    If OCP manages to open a 5-6 screen multiplex and a good food court in the same mall....its a sure shot success...and from what i know.....this is the exact plan :)
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