High-street retails in Chandigarh are giving lucrative advantages to commercial property investors
High streets have become the growth engine for India’s real estate sectors. Indian shopping has never been at a nascent stage. India’s retail market has transformed significantly from ‘haat’ to ‘high-street’ retail. Many sophisticated shopping destinations are mushrooming well across the Indian subcontinent. The high street concept has given birth to many foreign brands such as H&M, Louis Vuitton, Apple, Michael Kors, and many others entering the Indian market with future expansion plans. High streets have become major choices of many retail investors and families, whether it is Connaught Place (CP) in Delhi, Sector-68 in Chandigarh or Park Street in Kolkata. Eventually, the commercial property for sale in Chandigarh has become easy.
Real estate developers in Chandigarh
are increasingly crafting some world-class high street retail-cum-offices, since
several shopping malls were forced to shut down due to the pandemic. The high streets have managed to attract local,
national and international brands that would otherwise not consider venturing
beyond posh malls. In almost every tier-I and tier-II city, there are two to
three high streets that have constantly evolved and managed to retain their reputation
as prominent shopping destinations.
Most high streets are located in high-end
neighbourhoods or colonial-era buildings.
Three Major Advantages Why You
Should Go For High Street Shopping
1) High streets
offer shoppers a “work-shop-live-dine” experience unlike shopping malls
After several busy meetings and
stressful work hours, you can get time and space to relax, rejuvenate and
reinvigorate yourself. Move to your favourite shop to fetch lucrative offers;
dine with your beloved family members, and then go to your bed with heightened peace
of mind.
2) High-streets
are giving value-for-money facilities to shoppers
Common Area Maintenance charges,
parking charges etc. are expensive for malls, whereas, free parking, improved
street designs, initiatives, landscape design, customized space etc make high
streets the perfect destinations for new-age shoppers. Many real estate projects
in Chandigarh are allocating sufficient funds for developing modern high street
retails.
3) Single
touch-point entrance makes high street shopping destinations easier and safer
Malls have multiple touch-points
at parking, elevators, food courts and other such common areas whereas high
streets have single entry touch-point area retailers to allow common practices
such as temperature checks, hand sanitisation, and visitor registration.
3) Consumers in
North, West & Southern India are brand conscious
People in the North, West &
Southern markets are trendy and stylish. They always look for premium products
at an affordable price. High street retails have become Mecca of value for
money premium products.
The future
Once the pandemic comes to an end, it is expected
that the shoppers will return to shopping malls and high street retails. However,
the post-pandemic consumer behaviour has been changing. They want to think less
and experience more within a short period. Hence, the “work-shop-live-celebrate”
model of high street shopping culture is likely to gain more popularity in the
years to come.
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