Trehan Group to complete Urban Square Galleria
Alwar, October 19, 2022.
Realty firm Trehan Home Developers Private Limited (THD), one of the leading developers of Rajasthan, is investing about Rs 35 crore to develop a shopping mall at Alwar in Rajasthan.
The construction work in the shopping mall ‘Urban Square’, comprising a leasable area of 1.3 lakh square feet, will be completed by March next year. This will be the largest mall at Alwar.
Trehan Group is investing about Rs 35 crore to develop the mall that has ground plus five floors.The mall is coming up at Alwar Tijara Road, next to Trehan’s 200 acres township— Apna Ghar Shalimar.
The company has already tied-up with INOX to introduce a four-screen multiplex on fourth and fifth floor of the mall along with approximately 10,000 square feet of food-court.
One floor of the mall has been named as “Jan Path.” This floor has been strategically dedicated to promote local and Rajasthani products and workmanship. Several other branded outlets are lined up to open their showrooms in the mall. Mall will have parking space for approximately 150 four-wheelers and about 300 two wheelers.
“Considering the catchment and target audience, we have planned the mix of value, premium and international brands in the mall with a special focus on the right mix of anchor and vanilla stores. Right size of the food court and entertainment centre is also very important for attracting footfalls and success of the mall,” said Mr. SaranshTrehan, Managing Director, Trehan Group.
While retail space is open for sale, Trehan Group has kept the leasing rights with itself.
“Malls in which spaces are individually sold (or ‘strata sold’) tend to suffer from the absence of proper mall management, we don’t want that to happen with Urban Square Galleria. While we are selling out space to avoid locking money, we want to ensure proper tenant mix and management of the mall, to generate better experience for people and return to investors,” said Trehan.
The mall will cater to approximately 20,000 families residing in close vicinity and will become a go to destination for hangout, entertainment and shopping for youngsters and families from all parts of Alwar and nearby towns and villages. “We are hopeful to provide the best place for residents of Alwar, where they can spend three to four hours with family and friends over the weekends, during all seasons, throughout the year,” said Trehan.
Trehan Group has several completed and under-construction projects in Alwar, Bhiwadi, Tapukara, and Neemrana in Rajasthan.
The Group also has significant presence in Gurugram and Faridabad, Haryana, and Navi Mumbai, Maharashtra. Last year, the Group had successfully forayed into Gurugram real estate market with the launch of 320 high-end luxury independent floors priced at in the range of Rs 1.27 crores to Rs 4 crores.
Trehan Group has delivered over 10 million square feet of residential real estate since 1989. It has completed 16 projects and so far, delivered more than 12,000 units. Trehan Group has a legacy of delivering all the projects before the committed time schedule.