Chandigarh: In what is set
to give a big boost to tricity’s economy and business ambience,
Zirakpur's Oxford Street
has become a most sought after avenue for top global and national brands. The
region’s first high street - a focal point for retailing – Oxford Street, offers the feel of a high
street akin to those which exist in the United Kingdom.
A
flagship project of Royal Estate Group (REG), which has been able to rope in
all major brands and even Unicorns will soon be abuzz with business activities
as the occupants are currently doing fit outs. “Presently, 15 brands are
engaged in fit outs, while 10 others are in the pipeline,” said Piyush Kansal,
Director, REG.
Some
of the brands in Oxford Street
that are in fit-out stage are Tata-Zudio, Reliance SMART, in clothing there's
Jockey, Numero Uno. In the startup space there's the renowned unicorn
Spinny. Barista, Brew Estate, La Pino'z in food and beverages are also
conducting fit-outs. SkyJumper Sports & Amusements Pvt. Ltd, and Tress Lounge
also have taken up space. “From the first week of April, Oxford Street will start giving the feel
of an international level high street to its visitors,” added Piyush.
Located
strategically in Zirakpur, Oxford
Street is revolutionizing the brand leasing space
concept, which was so far popular only in the Western market. “The concept of
zoning has been adopted at Oxford
Street where need based construction was done. For
example, a food court space has its own dedicated services area and exhausting
utilities,” informed Piyush Kansal.
“Similarly,
retail brands have been provided with business space with all relevant
utilities of service area and office space equipped with facilities like common
reception, meeting rooms, and so on. It’s designed on lines of a European
styled organised high street, where shoppers, office goers and clients can
enjoy with friends in a beautifully designed 2.5 acre courtyard, fitness
centre, restaurants, and so on,” Piyush further said.
According
to Piyush, instead of raising false hopes of fixed rentals or PMI(per month
income) schemes, REG liaised directly for leasing with leading brands for
giving business space, which ensured an assured monthly income to investors.
“Business space at Oxford Street
offers SCO floors, showrooms, etc, which offer value to every penny of the
investor. What's more, in case an investor goes for an SCO floor he or she will
get a free trip to London
for 6 days and 7 nights,” summed up Piyush Kansal. BW
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