The National Capital Region in India comprises the entire area of Delhi, both Old and New, and some of the urban areas of its neighboring states Haryana, Uttar Pradesh and Rajasthan. It is the second largest city in India.
However only Delhi, Gurgaon and Noida are currently considered as the prominent real estate markets. Delhi has been home to many multinational corporations and national business houses, which gradually expanded to include adjacent cities. These corporations, in turn, have attracted a large number of people from various parts of the country, in search of employment. Additionally, being a city with immense historical, architectural and tourist attractions, Delhi pulls in a huge number of domestic and international tourists. The growth in the local and the floating population of the city has been positively impacting the retail landscape, resulting in a shift from the traditional hotspots of Chandni Chowk, Connaught Place, Karol Bagh to areas such as Vasant Kunj, M.G. Road and Galleria in Gurgaon, and Sector 18 in Noida.
KHAN MARKETKhan Market is considered to be a classy shopping neighbourhood, popular with expatriate and diplomatic communities. The market houses major lifestyle stores, high-end boutiques, book stores, grocers and popular bakeries, cafes and restaurants.
CONNAUGHT PLACEConnaught Place is the CBD of the National Capital Region which houses major brand outlets and some of the popular food & beverage joints which is mainly frequented by tourists. The layout of the market in the shape of a horse shoe offers excellent retail and signage opportunities.
SOUTH EXTENSIONSouth Extension is a high-end main street in South Delhi. The main occupiers in the market are high end lifestyle brands, jewellery, footwear and sportswear.
KAROL BAGHKarol Bagh is an established main street in West Delhi for mass-market apparel, accessories and jewellery. It is also popular for furnishings, electronics product and gadgets.
Karol Bagh is well known for its shopping streets, mainly Gaffar Market and Ajmal Khan Road. While Ajmal Khan Road is popular for its ready made garments, spices and eatables, Gaffar market is one of the biggest market for consumer electronics in Asia and crystal goods.
BASANT LOKBasant Lok is a popular main street in South Delhi which caters to the upmarket clientele of the resident expatriate communities with the presence of a multiplex, multiple food joints and several lifestyle and apparel brands.
GURGAONGurgaon has emerged as an alternate shopping and weekend destination for its large variety of shopping centres. It has the highest shopping centre density in the region and mainly attracts local people for shopping and entertainment. The shopping centres offer several lifestyle brands, consumer durables, hyper markets and food courts.
NOIDANoida has several shopping centres which mainly cater to the local population for apparel, furnishings, and consumer durables. The Great India Place shopping centre has become a destination, combining shopping with an amusement park.
M BLOCK, GREATER KAILASHM Block in Greater Kailash is a fashionable neighborhood in South Delhi. It is mainly popular among female shoppers due to the presence of large number of boutiques, lifestyle brands, jewelry stores and food joints.
LAJPAT NAGARLajpat Nagar market, popularly known as Central Market, is an established destination for jewellery, home furnishings, footwear and apparel shopping. The market also has one of the biggest cluster of car accessories shops in Delhi.
RAJOURI GARDENRajouri Garden has several shopping centres and two prominent markets named main market and Nehru market. Offering a mix of domestic and international brands mainly in the apparel, accessories and F&B segment, the place is frequented primarily by youngsters and local families looking for some entertainment, shopping and outdoor dining.
PUNJABI BAGHStarting out with local retailers in the mid 90s, Punjabi Bagh market (Club Road) has grown to establish itself as one of the most preferred markets in West Delhi. The main street offers several lifestyle brands, food and beverage options along with spa and salon services.
KAMLA NAGARKamla Nagar market is one of the most prominent shopping centres of North Delhi. Located close to the North campus of Delhi University, the market is frequented by youngsters and students, as well as local shoppers. The market offers domestic and international brands primarily in the apparel and accessories segment.
DWARKADwarka is a planned sub-city of Delhi with mixed-land use developments to serve the residents requirements. The main streets are clustered along the edges of residential sectors and are dotted with few shopping centres, therfore attracting local residents for shopping and entertainment.
VIKAS MARGVikas Marg is a well-developed retail destination in East Delhi with the presence of prominent mall and an established main street that is rapidly gaining prominence.
SELECT CITYWALK, SAKETSelect Citywalk is one of the most popular shopping centre located in the posh locality of South Delhi providing approximately 55,740 sqm of retail floor space, multiplex and a food court. It boasts of several international brands including Armani, Gant, Promod, Mango, Zara, Guess, Tommy Hilfiger, Levi’s to name a few.
AMBIENCE MALL, GURGAONAmbience Mall in Gurgaon is one of the largest operational shopping centre in Gurgaon offering 1 km of shopping experience on each floor. Ambience has emerged as a prominent “Destination Mall” in the Delhi-NCR region with the presence of numerous international brands such as Calvin Klein, Levi’s Sisley, Gant, Diesel, Guess, Lacoste, Bruno Manetti and Steve Madden.
THE GREAT INDIA PLACE, NOIDAThe Great India Place is the largest operational shopping centre in Noida with approximately 139,355 sqm of retail floor space, multiplex and food court. With the presence of over 230 major brands, the mall continues to be a preferred shopping and entertainment destination attracting over 2 million footfall every month.
|SHOPPING CENTER TO WATCH OUT FOR|
|Center Name||Mall of india|
|Total Size (Sq.m)||250,838|
|- Retail GLA||176,516|
|Planned Opening Date||Q3 2015|
|Consumer Profile||Tourists, Destination Shoppers, Local Shoppers|
|Description||DLF Mall of India has six customized shopping levels that includes international and Indian premium fashion, dedicated kids zone, entertainment, international cafes, food court and restaurants with a race track atrium. It will house international brands such as Uniqlo, Marks & Spencer and Forever 21 to name a few.|
|KEY AREAS / STREETS/SHOPPING CENTERS||CONSUMER PROFILE||MAJOR RETAILERS PRESENT||NEW ENTRANTS||AVERAGE RENT (PSFPM)||RANGE OF STANDARD UNIT SIZES (SFT)|
|Khan Market||Tourist, Expat||Benetton, Swarovski, Levis, Tommy Hilfiger||Global Desi, Olive Café||$17 - $21||430 - 540|
|Connaught Place||Tourist, Local Shoppers||Bata, Clarks, Benetton, Levis, Adidas, Arrow||Burger King, Nando’s, Starbucks||$8 - $20||400 - 4,000|
|South Extension||Local Shoppers, Destination Shoppers||Bata, Puma, Costa Coffee, Levis, Lacoste||US Polo Association, Best Seller, M&S||$10 - $15||900 - 3,500|
|M Block in Greater Kailash||Local shoppers, women shoppers||Benetton, Apple, Levi’s, Adidas, Pizza Hut||AND, Subway, Meena Bazar||$8 - $15||700 - 1200|
|Lajpat Nagar||Local shoppers, women shoppers||Arrow, Domino’s, Pizza Hut, Lakme, Arrow||Starbucks, Max, Nirmal Jewellers||$3 - $6||900 - 5,000|
|Rajouri Garden||Local shoppers||Domino’s Dunkin Donuts, Pirates of the Grill||Café, Karim’s, Bombay Dyeing||$3 - $4||400 - 1,000|
|Punjabi Bagh||Local shoppers||Nike, Bottom’s Up, Punjabi by Nature, Backyard||Kebab Express, Dana Choga||$3 - $5||700 - 3,000|
|Karol Bagh||Local shoppers, Destination shoppers||Woodland, Bata, Study by Janak, McDonalds, KFC||Louise Phillipe, Pantaloons||$4 - $8||200 - 1,000|
|Kamla Nagar||Local shoppers||Nike, Adidas, Louis Phillipe, Peter England||Dunkin Donuts, Aurelia||$8 - $9||200 - 1,000|
|Dwarka||Local shoppers||United Colors of Benetton, Spykar, Numero Uno, Adidas||Subway, Color Plus, Peacot||$4 - $8||250 - 300|
|Vikas Marg||Local shoppers||Monte Carlo, Nike, Levi’s, KFC, Hidesign, Cantabil||Pearson, Levi’s||$2 - $4||500 - 2,500|
|Sector 18 Noida||Local shoppers||Reebok, Puma, Pepe, Arrow||Apple, Helios||$3 - $6||540 - 640|
|Galleria, Gurgaon||Local shoppers||M&S, Adidas, Blackberry, Forest Essentials, Fabindia, L’Opera||Sisley, W, United Colors of Benetton||$10 - $ 15||450 - 1,150|
|Sector 29, Gurgaon||Local shoppers, Office Goers||McD, KFC, Lemon Tree, Fork You||Wendy’s, Punjabi by Nature||$3 - $ 6||2,900 - 3,000|
New Delhi/NCR continues to be the pre-eminent dining city in India. Most retailers like to start with the NCR, as the success of the concept is important in the capital of the country.
The city offers a choice of Indian and international cuisines (a mix of North Indian, South Indian, Chinese, Continental and American lifestyle fast food) with a variety to suit varied budgets. Aside from small restaurants and eateries, there are top end hotels with restaurants and bars in the city offering world-class ambience. Most of these restaurants regularly demonstrate expert cooking with themed food festivals.
With the influence of western culture in Delhi, International brands like McDonalds, KFC, Starbucks, Burger King, Wimpy’s, Pizza Huts, TGIF and Pizza Express have become immensely popular in Delhi. These brands have outlets all across the city.
|KEY AREAS||CONSUMER PROFILE||FOOD & BEVERAGE OPERATOR INCLUDING||rent for 3,700 SF unit (PSFPM)|
|Janpat||Tourist, Local shopper||Fresco, Pizza Hut, Sarvana Bhavan, Beer cafe||$5 - $10|
|CONNAUGHT PLACE||Tourist||Rajdhani thali, Café Coffee Day, Barista, Legends of India, Dunkin’ Donuts||$8 - $20|
|"N" Block Greater Kailash||Local Residential||Kasba, Shalom, Café Coffee Day,||$8 - $12|
|"M" Block Greater Kailash||Local Residential||China Garden, Chung wah, Costa Coffee, Just Paratha, Uber Lounge||$8 - $15|
|Rajori Garden||Local Residential||Pind Baluchi, Wok in the clouds, Malgudi Days||$4 - $5|
|Hauz Khas Village||Tourist, Destination diners, Local Residential||Park Balluchi, Smoke House Deli, Zo, Elma’s Bar & Kitchen, The Rose||$4 - $10|
|"Sector 29" Gurgaon||Office Goers, Local Residential||Down Town, Yo! Chaina, Mamagoto, Chin Chin, Spaghetti Kitchen||$3 - $6|
|DLF Cyber Hub, Gurgaon||Office Goers, Local Residential, Tourist||Starbucks, The Wine Company, Hard Rock Café, Made in Punjab, SodaBottleOpenerWala, Amici, California Pizza||$3 - $4 + 20% Rev Share|
|"Sector 18" Noida||Local Residential||Crazy Dragon, Pizza Vito, Gloria Jeans Café, Café Coffee Day||$3 - $5|
National Capital Region Contacts
Nandini Taneja BhatiaAssociate Director, Retail Services
Direct: + (91) 124 469 5567
Mobile: + (91) 97173 97735