The shopping hub of Chandni Chowk to enter a new era with Omaxe Chandni Chowk

Author: Mohit Gupta

The famous shopping centre of Chandni Chowk is about to witness a major upgrade with the development of Omaxe Chandni Chowk, an integrated shopping complex. Launched by a Gurgaon based real estate company, this project comes with retail and showroom spaces for sale. This complex is located strategically in a region which is already a prime shopping destination. This implies that those who own shops here wouldn’t have to try hard to find visitors. It is actually estimated that with 40 lakh shoppers, footfall here would be 7 times higher than any other shopping mall in the Delhi NCR.

Moreover, the number of tourist attractions are located nearby. These attract domestic as well as foreign visitors, who would come across Omaxe Chowk, helping the brands gain new customers. The NCR is a region of high significance is densely populated. A number of major residential hubs are located within a close radius of this project and create a lucrative market for various goods. Chandni Chowk is very well-connected to the rest of Delhi via roads, railway and metro, which again would play a major role in attracting a large number of buyers, as they can get across to this complex seamlessly. Chandni Chowk primarily used to house a major market of jewellery, spices, dried fruits and a variety of delicacies. This project would take these businesses to a whole new level.

A major feature which would help the businesses grow is visibility. The retail spaces here come with large frontages and glass displays which would catch eyes. Inside the complex too, these spaces would be easily visible to shoppers, thanks to the smart positioning. The project has been designed to handle the huge number of shoppers expected to visit the place. The corridors are wide, and sufficient elevators have been positioned strategically such that the mall never feels overcrowded. The car parking space in Omaxe Chandni Chowk Delhi can accommodate over 2100 cars. The project also includes a floor dedicated to food and beverages. The large food court not only offers the items exclusive to Chandni Chowk, but also the products of several reputed food brands from India and abroad. Several recreational features like a kids’ playing area, a kite flying zone and a large rooftop offering views of prominent heritage sites have been integrated into the complex.

Delhi has always been a locality of commercial importance. The city offers excellent business prospects which make commercial real estate projects popular. Commercial spaces have gained popularity, especially in recent years, with a large number of investors shifting to the commercial sector from residential. These have made commercial property in Delhi popular among those launching new startups, expanding a business, or even investing for rental income. Considering the locational advantages and the already existing market, this project is expected to be a grand success. The retail spaces here come at prices starting from INR 50.00 lakhs, and a number of these have already been booked. It is expected that this complex would become a prime shopping hub in the Delhi NCR.

Location Overview:

  • Chandni Chowk Overview
  • Asia’s largest wholesale & retail hub
  • Expected Turnover Rs 50 Lakh Crore as per Walmart report
  • Approximately 50,000 Existing Business Units
  • With World Heritage sites visited by millions of tourists every year
  • Redevelopment by SRDC underway for conservation, decongestion and modernization by 2020

Omaxe Chowk - A Prospective Overview

  • The largest development in the heart of Chandni Chowk Spread across 18,524 sq. metre. (4.5 acres)
  • 7X More Footfall than any other mall in Delhi-NCR, calculated on the leasable area as per JLL Report 2019
  • Floor Height of 4.8 metres. & wide corridors
  • Approx. 40 Lakh* serious shoppers every month
  • No Competition as no other organized retail is going to come in the vicinity