What is the cost of opening a mall?
It takes three to five years to build a luxury mall and the average cost for overall development (excluding the land cost) in Mumbai and Delhi is in the range of Rs 7,000-9,000 per sq. ft, compared with Rs 4,000-5,000 a sq. ft for a normal mall, say real estate developers.
How much does it cost to rent space in a mall food court in India?
Typically, the cost of food court space in India ranges between INR 15000-25000 per sq. Ft.
Which floor has the highest rental in the mall?
At present, rents on the ground floor of the mall (the most sought-after space) can go up to ₹350-400 per sq. ft per month.
Is the first store to set up shop in a mall?
Department Store is the first store to set up a shop in a mall . → The most important of them is the department store.
How much profit does a shopping mall have?
On an average almost every mall earns around Rs 72 lakh a year from parking. The revenue generated depends upon the size and location of the mall, adds Mr Singh.
How much does it cost to rent a mall in Bangalore?
Similarly, for Bangalore, the average mall rent is around Rs. 150 per SQFT per month and pretty much all malls are in the same range. Now, staff salaries and utility charges are different and vary from one brand to the other and also vary city and state wise.
What is the minimum size of shops available for rent in Mumbai?
A: 1K+ shops with less than 500 sqft area are available for rent in Mumbai. How many different types of shops in Mumbai are available for rent? A: There are different types of shops in Mumbai are available for rent like Grocery Shop, Tea stall, Clothes Shop, Chemist Shop and Restaurant pages.
Which is the best place to open a shop in Mumbai?
A: Bandra West, Borivali West, Andheri West, Andheri East and Malad West are some of the top localities in Mumbai for opening a shop. How many shops in Mumbai are available for rent? A: There are 2K+ shops in Mumbai are available for rent.
How much is fitout rent per square foot in India?
But here’s the catch: fitout rents are not permanent and are payable only for a fixed period (generally five years). So if the base rent is Rs 50 per sq ft and fitout rent is Rs 30 per sq ft, the tenant will pay Rs 80 per sq ft (Rs 960 per sq ft per year).