by NR INDRAN / INT
In a major initiative targeting shoppers in the fast developing city of Pune, premier developer Kumar Urban development Limited (KUL) has launched a series of shops at different locations at an investment of about over Rs 250 crores.
The shopping complexes will come up at Balewadi Hinjewadi (KUL Ecoloch Town Square), Bibewewadi (KUL Plaza), and the Baner-Pashan Link Road (KUL Symphony Plaza), KUL Square Kondhwa etc. All the complexes have been designed to have ample parking space.
“All these shopping facilities, being part of the existing or upcoming residential zones, will cater to the specific shopping needs of the people living there. With customer delight being our ethos, we have taken care to ensure their maximum satisfaction in terms of pure shopping pleasure,” said Ms Kruti Jain, Director, Kumar Urban Development (KUL).
“In fact, this endeavour is the result of a dip-stick survey that our marketing teams have done over the past six months or so to gauge the people’s requirements and we hope to meet them,” Ms Jain said. “Parking is the most important need of shoppers and we have taken care of this with ample parking lots inbuilt in our designs,” she added.
The maximum number of 140 shops will be accommodated at KUL Plaza, Bibewewadi, ideally located on the Pune-Satara Road which buzzes with the activity of an already established wholesale market.
KUL Ecoloch Town Square will have 65 shops. This will take care of the IT/ITES work force of Hinjewadi and Baner.
With self contained shop and offices starting from 300 Sq.ft., the Town Square will have an excellent business potential with assured captive audience. Buena Vista on the Baner Pashan Link Road Pune is also close to the IT Park – Hinjewadi – a densely populated area having people with sizable disposable income levels. The location is best suited for Jewelry, apparels, cosmetics and other retail businesses.
KUL High Street is situated in Kondhwa Khurd, a densely populated residential zone. Being in the proximity of Swargate, Camp, Hadapsar and Katraj, it is the perfect shoppers’ destination. KUL Square is surrounded by other prestigious KUL projects like Kumar Suraksha, KUL Sublime, Kumar Sansar etc and hence automatically assumes significance from the point of view of retail and convenience shopping.
Kumar Urban development Limited (KUL) is a real estate development and construction company which focuses on residential and commercial development in the cities like Pune with presence in Mumbai, Bangalore, Hyderabad, Panchgani & Nagpur. KUL believes in Hard work, Trust and Performance and it also stands for knowledge, usefulness to society and legacy. As it continues to build homes and life spaces, it reflects age old values. KUL’s expertise lies in maintaining international quality Design, Development, Construction and Marketing of Residential and Commercial Complexes.
Mr. Lalitkumar Jain, Chairman and MD of KUL have around three decades of experience in the real estate industry. The company’s projects span across affordable, mid-segment and luxury homes to commercial and retail complexes, apart from IT complexes and SEZ. Since restructuring of the company in 2006, they have completed 2.18 million sq. ft. of Developable Area, including 10 residential (including one-redevelopment project) and 7 commercial projects. As on date, KUL has 14 ongoing projects across four cities with 3.91 million sq. ft. of estimated developable area and estimated saleable area of 3.42 million sq ft. In addition, the company has 50 Forthcoming Projects with 73.13 million sq. ft. of developable area and estimated 64.14 million sq. ft. of saleable area.
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