The Malls of Gurgaon – Shopping Destination of Asia July 5, 2008Posted by simarprit in Cities, Delhi, Gurgaon, India, Shopping.
Tags: Business, Gurgaon, India, Malls, NCR of Delhi, New Delhi, Shopping, Simarprit
Every time I come tMallo Gurgaon from New Delhi I find myself asking the same question, would there be so many customers. Someone told me that on last count Gurgaon has over 125 Air-conditioned Shopping Complexes under construction, popularly called Malls of Gurgaon, apart from over 30 which are already functioning. Quite a few for a city which had a population of just over 200,000 in 2001. The city has grown very rapidly, it is likely that the population as of now could be close to even a Million, even for a city of a Million 150 Air-conditioned Shopping Malls look too many. The spill over of Delhi is something everyone talks about, but Delhi in itself is getting a new mall at the rate of one every week, if not more. Where would the spill come from, even the catchment area of the spillover is reducing. East of Delhi would go to Ghaziabad, Fardiabad, Noida and Greater Noida; South would go to Noida, Greater Noida and Faridabad; South West would still go to Gurgaon but lot of South West would go to Dwarka; North would spill over to Wazirabad, Sonipat and Rohtak seriously damaging the catchment area left for Gurgaon, moreover Gurgaon would loose its own people to Manesar and New Gurgaon so how can the Malls of Gurgaon survive? This is literally a Billion $ question as put together the investment in Malls of Gurgaon would be in Billions of Dollars.
In my assessment Gurgaon would become a Shopping Destination City not only only for NCR of Delhi or North India or India, but maybe for whole of Asia. There would be challenges, but then no destination is made without surmounting insurmountable challenges.
More to come…