Thursday, November 17, 2011

TRISHUL DEVELOPERS MALL


Overview 
  • Location:Mysore
  • City:Mysore
  • Status:Planned
  • Total Land Area:60,000 sq.ft
  • Total Mall Space:120,000 sq.ft
  • No. of Floors:2B+G+4
  • Rental Model:
  • Combination of FixedMinimum Rent/ PercentageRent/Revenue Sharing
  • Shopping Area:Approx 70,000 sq.ft
  • Food Court Area:Approx 15,000 sq.ft
  • Leisure & Entertainment Area:Approx 40,000 sq.ft
  • Space for No of 4-wheelers:200
  • No of Escalators:2
  • No. of Lifts:3
  • Other shopping centres/malls in 6km radius:
  • Habitat
  • Competitive Advantage:Close to NIEcollege and on the way to Airport justoff Ooty Highway.
Tenant Mix
  • Anchor 1:INOX (Multiplex)
  • Status:
  • Under Negotiation
  • No of Screens/ Seating Capacity:
  • 4 Screens/1,400 Seats

Gardua Mall Insight





MYSORE, GARUDA
Location:Near Mysore Palace
City:Mysore
Operational From (Planned):April 2012
Project Type:Kshitij Mall
Total Mall Space:2,75,000 sq.ft
Space for No. of 4-wheelers:500
No. of Floors:G + 2
Floor Plate:96,000 sq.ft
Positioning of Mall:Value/Lifestyle

Tenant Mix
Anchor 1:Super/ Hypermarket
Anchor 2:Department Store
Anchor 3:Multiplex
Anchor 4:Food court
Anchor 5:Entertainment arcade
Anchor 6:ConsumerDurables/Electronics anchor
Anchor 7:Home Furnishing anchor
Anchor 8:Books & Music anchor
Anchor 9:Gym/Beauty Anchor
Others:Vanilla Retai

Proposed Malls in Mysore


Mysoreans choose new malls to old markets

Two of the old marketplaces- Vani Vilas Market and Mandi Market- are proposed to be demolished and new markets built in their places. Is it OK to demolish the old markets?

  • Yes, the proposal is good. New buildings should be constructed with all modern amenities. It is risky to retain the old structures. Shop owners should be provided alternative places. Before that, I suggest the project may be included under the JNNURM scheme to avoid financial burden on the MCC and secondly, the proposed work should start after the forthcoming Dasara festivities as it might affect tourists.-Syed Abdulla Munawar -Udayagiri

  • It is a welcome step. The present buildings should be demolished and rebuilt with all modern amenities like parking space.-R T Brown -N R Mohalla

  • Vani Vilas and Mandi Markets must have been demolished long ago. New shopping malls must have all amenities. It is better the market buildings are razed at the earliest as they are unsafe and unsteady. At least now, the planners must make accurate plans, giving no room for congestion and further expansion. The Devaraja market too is sufficiently old and badly in need of a facelift.-D Prasad-Kuvempunagar

  • This is not the first time the issue is being raised. Earlier on few occasions they had proposed such ideas but nothing happened. We only hope the new mayor Sandesh Swamy takes the initiative and starts the work.-Sudhakara-Yadavagiri

  • If they want to demolish Devaraja and Vani Vilas markets the work should be taken up in a phased manner. It's not a good idea to demolish the whole market at once and begin the work later. Once the work is undertaken it should be completed within the stipulated time.-Jayaram-Vendor

  • Before taking up the work, the authorities should keep everything in black and white about the proposed construction. They should also take tenants into confidence and provide them alternative places before commencing the work.-Girish-Vendor

  • Over 800 shops are located in Devaraja Market and thousands of people are dependent on business. If the authorities throw them on streets all of a sudden, hundreds of families will be left in the lurch. We welcome the decision but before that authorities should keep everything in writing. Also, the work must be taken up in a phased manner.-Mahadev S-President, Devaraja Market Tenants Association

  • We are already in trouble without proper business and if we are thrown out what will be our plight? Though the proposal is good, the work must be carried out in stages to facilitate vendors and shopkeepers, who are dependent on business for a living.-Syed Saleem-Shopkeeper

  • There are 20 separate sections at Devaraja Market and authorities may plan the renovation/reconstruction of market section-wise at regular intervals. This will not affect vendors or the public.-Manjunath-Coconut vendor

  • It is a welcome move but authorities must carry out works at a fast pace. This apart, they must provide facilities to vendors within the market area. The authorities must complete the project work within the stipulated period so that none is affected.-Mahadev Rao-Shopkeeper



Tuesday, November 15, 2011

Reliance Hypermarket in Mysore?

RIL-owned Reliance Retail is buying real estate in 20 towns and cities to build big-box hypermarkets, moving beyond its earlier model of leased properties and small formats, as the conglomerate turns the spotlight back on retail under the new operations team hired from Walmart China. 

"We want to be a strong Indian retail player. The largest retail company in China is not Walmart or Tesco. It is Sun Art, a strong local company which owns around 200 hypermarkets," said a senior company executive who added that the company has no plans of inducting an overseas partner even after foreign direct investment is allowed in the multi-brand retail sector. 

The focus on large-format stores of 60,000-80,000 sq ft, nearly the size of two football fields, and building stores on its own land, marks a shift from the company's earlier strategy. When Reliance Retail had launched in 2006, it had signed up hundreds of properties for small-format stores - supermarkets and convenience stores - on lease. But, due to a combination of factors ranging from high real estate costs to supply chain issues, it had to shut more than 100 stores over the next few years. 

The company under the leadership of two retail veterans from China - Rob Cissell, former chief operating officer of Walmart China, and Shawn Gray, former vice-president in-charge of store operations of the same company - has now for the first time decided to buy real estate and go for big-box formats. Typically, hypermarkets give consumers a choice of buying everything from soap to furniture. 

"We are buying land wherever there is scarcity of ready space, especially for our large-format stores. It will help in the long run as we don't have to depend on rent inflation and its fluctuations," Reliance Retail President Bijou Kurein said without commenting on specific land deals. 

SIX MORE HYPERMARKETS BY MARCH 

Reliance Retail has bought land parcels in Mumbai, Aurangabad, Kolhapur, Pune, Mysore and Madurai in the last few months, each measuring 1-1.5 acres, a person involved in the land deals said. The first big-box hypermarket opened at Santa Cruz in Mumbai last month and 10 days later a second one was opened in Pune. The company plans to open six more hypermarkets by March next year. 

The retail company at present runs around half-a-dozen hypermarkets under the Reliance Mart brand. But the company executive said the scale, the range of products, and the consumer experience in the new big-box stores will be totally different from the existing ones. 

"Big-box stores generate volumes and considerably higher realised margins. Reliance's small-format model was unattractive as it was heavily dependent on fresh fruit and vegetables. It is not possible to manage the entire supply chain from the farm to the stores," said Harminder Sahni, MD, Wazir Advisors, a retail consultancy 

The Indian retail sector is growing 15-20% annually after a temporary lull of 2008-09 when the global meltdown slowed down growth and demand. Rising incomes, a growing young population and the scope to penetrate deeper into tier 2 and 3 cities are prompting many Indian and foreign players to enter the retail sector. Hypermarkets seem to be the best bet because they offer Western-style shopping experience, a wide variety of products and great deals to the consumer. 

After a slow beginning, Reliance Retail has now emerged as the country's second-largest retailer after the Future Group with annual revenues of Rs 4,833 crore. Over the past few months, Reliance has accelerated store openings, brought in a management team from Walmart China and launched its first cash and carry store in Ahmedabad in August.

Sunday, November 13, 2011

High Street Shopping Options in Mysore

Mysore is known world over for its exotic Sandalwood and Ivory Inlay Handicrafts, Rich Silks, Agarbathis, Sandalwood essence, perfumes and soaps. These can be purchased at Cauvery Emporium on Sayyaji Rao road or in the little back streets and by lanes that offer some exciting bargains.
 
Krishnaraja Circle:

This circle is the inter-section of Sayyaji Rao Road, Albert Victor Road and Devaraj Urs Road. The circle has the statue of Maharaja Krishnaraja Wodeyar as its focal point. R. P. Kamath of Bombay sculpted this statue. A ribbed dome with a hexagonal umbrella tops the canopy above the statue. This is one of the best shopping centers situated in the heart of the city.


Devaraj Urs Road:


 

Devaraja Urs Road is one of the biggest streets where one can find variety of options for shopping Sayyaji Rao Road The planned shopping along Sayyaji Rao road with meticulously styled frontages and gables was continued further down as the Lansdowne building.

Cauvery Arts And Crafts Emporium:

This Government owned Emporium situated at Sayyaji Rao Road is a showroom and sales depot for Karnataka Handicrafts articles like ivory, sandalwood carving, silver and brassware etc.

At the Government Sandalwood Oil factory, you can buy sandalwood powder, sandalwood oil and scented incense sticks. At the Government Silk factory, you can see the master weavers at work. You can buy shimmering silks straight off the looms. 
 
Market of Mysore:

 

This market is well planned, rather than the old evolved system. There are mainly two markets at Mysore namely Devaraja Market and Regulated Market. Fresh fruits, Vegetables, Fish, General groceries etc., are available at Devaraja Market on Sayyaji Rao Road. Fresh Vegetables, fruits and other consumables are available at wholesale rates at Regulated Market near Bamboo Bazaar

Janata Bazar:

This 70-year-old structure is an interesting mix of Roman arches and Indo-Saracenic style. Arcaded verandahs with Tuscan and Ionic pilasters, lead to shops on ground and first floor. Rooms at either end are enclosed in angular projections, which end on the top into hexagonal cupolas.


 
Leading Shopping Centers of Mysore:

  • Sayyaji Rao Road - All types of retail shops
  • Devaraj Urs Road - All types of retail shops
  • Dhanvantri Road - All types of retail shops.
  • Ashoka Road - Hardware parts and Silver Jewelers.
  • Kalidasa Road - General shopping and Eat-outs.
  • K T Street - Electrical goods.
  • Mannars Market - Stationary goods.
  • Santhepet - Wholesale market of grains and other groceries.

Planet-X

One of the Best Family Entertainment Center in India  for a pleasant evening or family get together or a b'day bash.
Planet X is situated at the base of Chamundi Hill and behind the Mysore Race Course. Nearest Landmark is Mysore Race Course or Mysore Zoo or Karanji Lake. Planet X is less than 5 Kms from the Mofusil Bus Stand.

Website :http://www.planetx.biz/index.html 

Facilities

  • Bowling

  • Go-Karting,

  • Video Games

  • Snooker & Billiards,

  • Mini Golf,

  • Console Gaming Zone,

  • Fast Food Center & Pastries 

  • Jambalaya - A Garden & Multi-Cuisine Restaurant. 





Friday, November 4, 2011

Mysore Makeover

Small Start ups ,Malls and Multiplexes and new Apartment Blocks are ushering in change in the once sleepy Town of Mysore

In a garage-turned-lab furnished with modular racks, Nagendra Setty shows off some of the electronic magic he has been brewing for the last few months. A CFL light on his desk comes on when he steps into the work area, and turns off when he steps out. The first commercial product developed by Setty’s startup, Ideas Unlimited, the movement sensor switch automatically turns on all electronic devices in a room—consuming up to 1,000 watts—when its infrared sensor detects a human presence, and turns them off when one leaves the room. It comes at a cost of Rs 3,500-Rs 5,000, depending on the size of the room. Setty is busy setting up a dealer network for the product and talking to builders—he hopes to sell 400-500 units by next year—but his real passion lies elsewhere. It is in a white metal box hidden among papers on a wide windowsill in his office.

Called Braille Tutor, the box is an interactive learning device that spells out a selected letter while also forming a corresponding Braille pattern by electronically popping out the wooden beads arranged in a cell on top of the box. A remote with options to change language and navigate to the next letter or to the first and last letters of the alphabet makes the device easy to use in blind schools. Mass produced, the product will cost Rs 7,500-Rs 8,000, says Setty, who wants his lab to churn out “100 innovations in the next 10 years”.

Each of these innovations will come from neither Bangalore nor Pune, but from Mysore, a once-sleepy town that is witnessing slow but certain change—change that is tucked away in its small startups and splashed across its new malls and multiplexes, change that grows taller with each apartment complex and wider with each Mysorean returning home.“Ten years ago, there was just one traffic light in all of Mysore. Today, there are any number,” says SV Venkatesh, MD and CEO of Raman International Institute of Information Technology, India’s first finishing school for engineering graduates. In a conference room at RIIIT’s plush campus in the Hebbal Industrial Area, Venkatesh says time has plotted a dramatic graph for Mysore, touching almost every aspect of a life that RK Narayan once described as “unruffled, free from the fret and fury of modern city life”.

“In 1990, there were only three engineering colleges in and around Mysore, today there are about 20. From one business school in the Mysore-Mandya region in 1990, we now have 18. And where there were only a handful of IT companies, today there are over 40,” he says.

Outside, students in full-sleeved shirts and salwar-kurtas walk meekly into a lecture hall next door. A new batch of students from colleges across India is reporting today, says Venkatesh. His school, set up in 2007 to make engineers employable, is part of the grab bag of developments Mysore has seen in recent years. RIIIT now churns out over 400 students trained in technical and soft skills every year. Of these, 88 per cent get picked up by industry.“Being in Mysore makes sense for a school like ours. Land is cheaper than in Bangalore so one can afford a bigger campus, and there are fewer distractions for students,” says Venkatesh, who hails from Shimoga.

Two-and-a-half hours from Bangalore, Mysore, with its wide shady avenues and planned public spaces, is inching closer to its canonical age, which many say will mark the rise of a successful satellite city. The moment of decisive change came in 2005, says K Sriram, a real estate developer who has keenly followed the growth of the town.

“With the four-laning of the Mysore-Bangalore road, real estate prices shot up and for the first time, we saw money flowing into Mysore. Now, prices have rationalised but the town continues to grow, with peripheral areas like RT Nagar coming up well. Further developments are expected—Shapoorji Pallonji, for instance, is planning a huge Infocity, an integrated township, behind the Infosys campus,” he says.

Mysore now has an airport, with a single Kingfisher flight connecting it to Bangalore. Big hospitals blocks—Apollo and Columbia Asia among others—have sprung up to service not only the town’s nine-lakh-strong population, but also a small army of medical tourists. Traditional yoga hubs like Gokulam are now dotted with serviced apartments and hotels that cater to foreigners. In Jayalakshmipuram, a new Bharti-Walmart store stands out among reposeful houses; on MG Road, The Mall of Mysore, the town’s first big shopping mall, threw open its doors for Dussehra. Adjacent to it, the arches of a cream-coloured Radisson Blu Plaza welcome you into a hotel with 140 guest rooms, large conference space, and chic cocktails.Says Kunal Narang, who runs Fluid, a five-month-old disco-bar and restaurant on Kalidasa Road, Jayalakshmipuram, “The people of Mysore are now starting to spend more on eating out. With the result, several new restaurants have opened in the last two years. There are only a couple of good pubs, though,” he says. At the bar, half-a-dozen youngsters sip cocktails and converse in Hinglish; the women, in off-shoulder dresses and high heels, are dressed to the nines. “Don’t take a picture of me. I’m not supposed to be here,” says a young lady in black. The floor, lit up in rainbow colours, throbs with house music. Edison Lazar, the 24-year-old DJ, says club culture is picking up in Mysore.

“We have several regulars who come every weekend. Most of them are in their twenties,” he says. Not far from here, in BM Habitat Mall, a four-screen multiplex has just been inaugurated.

If young Mysore is spilling into bars, theatres and bowling alleys, it is also keenly aware of its culture and heritage. Ask MR Arun, who has inherited his grandfather’s incense sticks business. Once a thriving cottage industry, Mysore’s incense sticks have largely lost out to FMCG majors, but old-timers like Arun’s family have managed to carve themselves a niche.

“My grandfather, Narayan Rao, supplied agarbattis to the Maharaja. Ever since, celebrities like the Beatles, Peter Sellers, Dr Rajkumar and Pandit Ravishankar have patronised us,” says Arun, an MBA who started a software business in 2001.

Disillusioned with city life in Bangalore, Arun returned to his hometown in 2003 to take charge of the export wing of his family business. “Today, we supply to 25 countries—Germany is one of our biggest markets. In fact, half of our products are now exported,” says MN Ramakrishna, Arun’s father, walking us through their factory in Visveswara Nagar.In a room on the first floor of a pink building, half a dozen women in colourful saris rapidly hand-roll black, aromatic paste onto sticks, then roll them again in sawdust. “Each of them rolls about 5,000 sticks a day. Eighty natural ingredients including spices and oils go into the recipe—there are no chemicals but for a musk substitute. My grandfather called it the Special Darbar Agarbatti, we call it Aparajita,” says Arun, one of several Mysoreans who have found solace in their roots.

Mornings in Mysore are a tryst with the past. On Sayyaji Rao Road, opposite Devaraja Market, vendors sort out fresh flowers into baskets. Temple bells resound in the calm air; coffee shops open their shutters. Like pages flipping in the wind, the years roll back, and we find ourselves in front of the late author RK Narayan’s old villa on Vivekananda Road in Yadavagiri. A cream-coloured half-demolished structure with a black gate, the house, under the sprawl of a neem tree, is guarded by a man in uniform. “Some people came and broke down parts of the roof and the insides on the orders of RK Narayan’s descendants, who live in Chennai. The Mysore police commissioner immediately halted the demolition and stationed guards here to protect the heritage property where the writer spent much of his life,” says Madappa, the guard on duty. The rundown house, with a droopy coconut palm by its side, is symbolic of Mysore’s changing landscape. Mysore isn’t Malgudi, not anymore.

A town that remembers the past, Mysore is now beginning to imagine the future. Startups aiming to offer technology-based solutions to the education and social welfare sectors have spawned a wave of micro-innovation. “Mysore is an ideal Tier-II city for startups. There is a great deal of talent locally available, but not many companies have tried to capitalise on it. There has even been talk of several tech companies like IBM setting up an office here,” says Shiva P Chandra, director and CEO of MyShore IT Solutions, a year-old startup that has already made a mark by turning around a major e-governance project in partnership with the Karnataka Government. 

In 800 telecentres across Karnataka, MyShore’s kiosks deliver various certificates—birth and death certificates, income and caste certificates, land records, etc.—over the counter in a matter of minutes, servicing 75,000-1,00,000 citizens every day. Since MyShore inherited the infrastructure from Comat Technologies in March 2011, the volume of transactions has shot up, thanks to new incentives and an efficient tracking system that helps managers track down every single transaction. 

Over strong filter coffee served in delicate china at their office in the Hebbal Industrial Area, Chandra, who returned to Mysore after 15 years in the US, says the cost of living, and hence, salaries, are lower in Mysore. “If I were to hire someone with five years of experience in Bangalore, I’d have to pay Rs 10-12 lakh and even then, I’d have to worry about attrition. Here, I can get the same talent for Rs 7-10 lakh,” he says.Like Chandra, many of the senior managers at MyShore worked in the US for several years before they returned home. “They want to be in Mysore, so we don’t have to worry about them leaving,” he says. MyShore is in talks with TVS Motors to pilot an ad campaign for them at 10 telecentres. Nokia, LIC, Karnataka State Road Transport Corporation, and Bangalore Electricity Supply Company are also interested in extending their services through the kiosks, says AK Ranganathan, director, MyShore. 

There are other inspiring stories. Sriranga Digital is a homegrown digital typesetting solutions company that started out in 2003. In a short time, the company, which employs all of 15 people in Mysore and the neighbouring town of Srirangapatna, has scanned and processed eight lakh pages of old printed texts—three lakh of them in Kannada—including a four-volume English-Kannada dictionary from Mysore University, Sanskrit texts on the Vedas and Puranas, and the complete journals of the Bombay Natural History Society. Rejecting lucrative offers from Oracle and other tech companies, Arjun Kashyap, a young engineer, now director of the company, stayed on in Mysore and worked under his professor, CS Yogananda, to develop Optical Character Recognisation technology for vernacular content. 

“There are thousands of old books and magazines in vernacular languages that haven’t been digitised. Even when someone decides to digitise them, they merely scan the pages, making the content available in the form of bulky photographs that cannot be searched through. Since content that cannot be accessed is useless, we decided to develop OCR for regional languages—once the characters in a scanned page are recognised, the content can be indexed and made searchable,” says Kashyap, in Sriranga Digital’s Mysore office—a tiny room in an old house in Sunnadikeri where the afternoon light seeps in through wooden shutters left ajar. A single Atiz scanner with a V-shaped book cradle, fitted with a point-and-shoot camera on either side and improvised LED lights to improve image quality, stands next to a bookshelf. Without external funding, the company couldn’t afford another till recently.“This scanner cost us Rs 3 lakh. Now we have placed an order for a bigger, better scanner, which costs Rs 12 lakh,” says Yogananda, a former professor at the Indian Institute of Science, Bangalore, who now heads the mathematics department at Sri Jayachamarajendra College of Engineering in Mysore. 

Kashyap has also developed text-to-speech support for vernacular content so it can be accessed by the visually impaired, and has adapted existing technology to radically compress data. “The BNHS journals, after scanning, were about 70 GB. These include 6,000 pictures, some of them taken by Salim Ali himself. Within months, we reduced the data to 2GB without any loss and brought out a DVD,” says Kashyap. Sriranga Digital plans to eventually document all literature in Kannada on their website, sirinudi.org. 

Elsewhere, in a sooty garage in the Hebbal Industrial Area, not far from the sprawling Infosys office and training centre that first changed Mysore’s landscape, Srinivas Bidare, a University of Michigan alumnus who started a design solutions company a decade ago in the US, pores over his latest invention—a Nitro Electric Regenerative Vehicle. An auto stands on one side of the garage; on another, a test rig and a table strewn with electronics take up space. NERV, as he calls it, is an innovative braking system that stores the energy dissipated while braking in the form of compressed air in a long metal cylinder, which in turn is used to propel the vehicle. 

“In countries like India, where you have to brake a lot, you could save up to 20 per cent fuel. You would essentially get your money back in a year,” says Bidare, who set up the R&D unit of his company, Intent Design, in Mysore in 2009. Mahindra and other automobile companies are interested in the technology, which is now in the testing phase, he says. Born and raised in Bangalore, Bidare, who has several patents to his credit, says a changing Mysore today reminds him of Bangalore 10-15 years ago. “Today, if I have to procure a part in Bangalore, I have to drive for an hour and a half. Here, everything is within walking distance. Mysore is still peaceful, so one can concentrate on research,” he says.Though caught in an unending ballad of change, Mysore hasn’t been conscripted into urban chaos, and perhaps never will be. “Mysore is growing slowly. And we like it that way,” says Shivananda Salgame, who founded i-Learn International, an educational content company, in 2009. From a well-lit office on the first floor of a 1945 villa in Yadavagiri, Salgame is readying to launch a tablet designed by the Panda Time Group, a UK-based company he has partnered with, in the Indian market. “The Pandroid Tablo is a seven-inch tablet that costs just Rs 3,450 for the WiFi model, Rs 4,900 for the GSM/2G model, and Rs 5,750 for the 3G model,” says Salgame, who splits his week between Mysore and Bangalore. A tablet from Mysore? RK Narayan would approve. 

150 km Distance from Bangalore 
2,994,744 Population of Mysore district 
About 9 lakh Population of Mysore city 
72.56 per cent Literacy rate in Mysore District 
* According to an Urban Development Ministry study, Mysore is the second cleanest city in the country, after Chandigarh 
* In a tribute to the late RK Narayan who lived in and derived inspiration from Mysore, the Mysore-Yesvantpur Express was last month renamed ‘Malgudi Express’, after the writer’s fictitious town 

MYSORE – RETAIL REAL ESTATE REPORT


India ranks first in a Global Retail Development Index of 30 developing countries in 2006, drawn up by global management consulting firm, AT Kearney. The firm expects the total Indian retail market to grow at a compounded rate of 30 per cent over the next five years. In another recent report of the future of retail industry by Assocham (Associated Chambers of Commerce and Industry of India), a three-fold increase in the growth of organized retailing in the country is estimated by 2011. Fast changing trends and global predictions herald a new and promising future for Indian retail. Designating 

India as one of the most sought-after retail destinations in the world, in the coming decade. With global trends affecting urban markets all around the country, many metropolitan cities have undergone significant changes in their retail landscape. 

Mysore on its way to become the Next IT hub in the state has attracted both notational and international players to come up with their retail shops in the city. The boom in retail sector in India has provided exponential growth opportunities to investors. Mysore as a tier II city for IT & ITES sector has shown a healthy trend in retailing. Many big players such as Trinethras (FAB city), Nilgiris, etc have already established their name in the city many other players such as Reliance, have announced their retail format in Mysore.

MAJOR RETAIL MARKETS OF MYSORE

• Devrajaurs road
Devraja urs Road connects Dhanvantri Road and the Chamarajas Road. This road has developed as the main commercial nerve of the city with all major National and International brands in terms of garments and jewellery present on this road. It also houses retail shops selling all kind of goods such as textiles, toys, home furnishing, handicrafts, decorative items etc.This road in houses a mix of western and Indian Traditional retail shops .At present all the major brands like Grasim, Adidas, Titan, Woodlands, Bata, Pantaloon, Bhima, Café Coffee Day have made their presence in the Devraja urs road. 

• Dhanvantri Raod
The retail maket in this road is one of the oldest markets of the Mysore city. It has all the traditional shops of
Silk Sarees, agarbattis, utensils etc.

• Sayaji Road
Retail-commercial destination in the city is dominated by local retailers & brands. Cauvery Handicrafts Emporium on this road is the major tourist attraction on this road.


• Ashoka Road  
Connecting Sawdy road and finally leading to New Bangalore Mysore Road in the North and Irwin Road in 
the South. Most of the hard ware retail commercial market has come up along this road.

• Temple Road  
Temple road mainly connects the Hunsur Road with the KRS road which leads to the famous Brindavan Gardens .This 24 m wide road is up coming commercial retail street in the Mysore city. Housing major brands like Pizza Hut, Dominoes, Vasu Aggarbattis etc .Commercial developments like Shwetha complex have come up along this road.

• Kalidasa Road  
This is one of the upcoming retail markets of the city in the newly developed Jayalaxmipuram.The  development on this road has come due to the congestion in the city core area. One of the major attractions 
on this road will be the upcoming Brigade Retail Point.

DEMAND AND SUPPLY 
Last 2 – 3 years saw huge infusion of retail space with most local and national retailers making it big in Mysore Market. Despite all the busy commercial activities in the city, the concept of large shopping malls is yet to take off in Mysore in a significant way. . By 2008, the city is expected to have 4 malls covering a builtup area of 5 lakh sq ft. 
Looking at the market potential, many retailers are planning to open their outlets in Mysore. These developments are envisaged to change the market trends in Mysore. In terms of the retail formats, right now 
Mysore city is familiar with FAB city Mall, but other major players like Reliance, Pantaloons are in pipeline


RETAIL MARKET PRICE

Retail space are available in the city core with a range of 100-500 sqft ,which do not suffice the requirements of the big brands and as a result are lying vacant and unutilized. The demand of retail spaces in core has succeeded the supply volumes, thus propelling the investors to move to city suburbs, where many retails spaces are already identified but not occupied. At present the supply rate for the retail space has exceeded the demand rate. Most of the developers of the up coming malls are targeting the branded retailers for its occupancy.



PROMINENT RETAIL OUTLETS IN THE CITY


• Trinethra launches its first hypermarket Fab City in Mysore: Trinethra Super Retail Ltd (TSRL) opened its first hypermarket, FabCity in Mysore, on Narayan Shastri road. The hypermarket is spread over an area of 50,000 sq ft and stocks a huge variety of categories, including food and grocery, apparel, home furnishings, footwear, beauty products and accessories, stationary, toys and games, household appliances and consumer durables.

Nilgiris: The famous Nilgiris retail format at present have two of its branches operating in the city.

Café Coffee Day: Café Coffee Day (CCD), the is a biggest chain of coffee shops with 357 Cafés in 66 cities in India, recently entered into Mysore market by opening outlets in Kalidasa Rd.

UPCOMING RETAIL OUTLETS


Makkaji Chowk commercial complex

Proposal to construct a multistoried commercial complex on 4 acres of land at Makkaji Chowk .A five screen multiplex is also planned as part of the project. The land will be handed over to the promoter on a lease for 40 years and the project will be taken up on the Develop, Operate, and Maintain and Transfer basis. The promoter proposed to spend Rs.45 crore for the project and expects it to be completed by 18 months.

Commercial Complex at Yadavgiri:
Sankalp Group has proposed Sankalp Apartments & Commercial complex in Yadavgiri. A total of 16 acres of land is on a development process for the same.

Commercial complex at Gokulam Road:


A commercial complex of 3 lakh sqft area is proposed by a private builder in the Gokulam road of the Jayalaxmipuram area.


• Commercial complex at Jayalaxmipuram (Premier Studios):
A commercial complex along with 1000 Residential apartment is proposed in the Jayalaxmipuram area on 6
acres of land.

• Brigade Commercial Complex:
Brigade Group has completed  a commercial retail point in Gokulam road .The project comprises a retail point in the ground floor and the other three floors will have office spaces in it. The total built up area for this retail cum office point is around 35,000 sqft.

MARKET OUTLOOK

The market outlook in retail section is definitely looking positive with concept of malls catching up in a big way in Mysore Market. Retailers have begun to realize the importance of providing the right ambience to the
customer, progressing from the concept of customer delight to customer satisfaction. Keeping in view the fast pace of development of commercial and residential areas in the city, many existing retailers and private developers have proposed Malls in the city.

The present stock of retail space in Mysore is grossly insufficient and barely meets the demand of big retailers demanding floor plates between 10.000 sq. ft – 50,000 sq. ft. Looking at the upcoming retail boom,
the developers in Mysore needs to address this segment.