Even at times when industries across sectors are facing adversity and are going through the toughest times, Bhumika Group has announced that the company is committed towards delivering its flagship project – Urban Square, in Udaipur, Rajasthan.
In line with this, it recently announced signing up three more international brands in the flagship project, namely, adidas, Puma and Asics. The total area on lease for three 3 brands is 2,612 sq. ft.
Urban Square is a 1.8 million sq. ft. mixed-use development and also has a mall positioned as an ‘All Under One Roof’ comprising lifestyle, retail, hospitality as also a food court, a multiplex, gaming zone, a bowling alley and other entertainment options.
The property also includes Grade-A commercial serviced suites and a 5-star hotel.
With the commitment of the developer for the on-time completion of the projects, some new leases have been signed even during the lockdown period. Few brands that have already come onboard are Shoppers Stop, Reliance Trends, Inox, Marks & Spencer, Holiday Inn, Zudio, Aeropostale, Sketchers, US Polo, Arrow Sport, FCUK, F-Bar, Looks, Go Colors, Reebok, Pepe Jeans, among others.
It is one of the few projects where construction is progressing, in Udaipur. Talking about the availability of limited inventory in the mall, Uddhav Poddar, Managing Director, Bhumika Group, said “We have a good brand mix; more than 20 brands have been signed up and none of them have backed out so far. We have started to take confirmations from retailers and substantial retailers have already confirmed that they do not wish to renegotiate any terms and will take possession of the property in the first quarter of 2021.”