By - Stephen On 2023-02-23T13:09:09
The Bhumika Group, a leading real estate developer in Rajasthan, plans to soon launch the second phase of its highly successful commercial project, Urban Square Mall, in Udaipur.
New Delhi, February 23, 2023: The second phase will feature a range of retail shops with 3 more anchor tenants, a food court, restaurants and an entertainment zone, offices, a 5-star hotel with 200 keys, and ample parking space both in the basement as well as a multilevel car park. The development will be spread across 14 floors, including two basements and the lower and upper ground floors. The project is estimated to cost Rs 350 Cr and has a built-up area of 8.54 lakh sq ft. It will offer a high-quality lifestyle experience to tourists, travelers, and residents of Udaipur.
The inventory type of Bhumika’s Urban Square Mall Phase 2 features a Haat Bazaar on the lower ground floor, retail spaces on the upper ground floor and first floor, a food court on the second floor, offices for multinational companies and large corporations in the IT industry, and a standalone 5-star hotel building with 200 rooms.
Uddhav Poddar, Managing Director of Bhumika Group, stated, “Urban Square Mall is a symbol of our commitment to elevating the shopping experience in Udaipur. As a popular tourist destination, the mall provides immense growth potential for retailers and tenants. We launched the first phase of the Urban Square Mall at a grand opening in November 2022 last year. It has emerged as one of the most popular shopping and leisure destination.”
The Urban Square project is a mixed-use development spanning over 7 acres and includes phases I and II. Urban Square Mall phase I has set its doors open to shoppers and has already leased out close to 95% of its space to over 80 lifestyle brands from India and abroad. Brands such as Shopper’s Stop, Lifestyle, Crossword, Ninis Kitchen, Hydrama, Ghoomar, Forest Essentials, Meena Bazaar, Himalaya Opticals, Chicago Pizza, Parcos and Looks will establish their
presence in Udaipur for the first time. The mall also offers entertainment options such as Go Carting and Smaash for the first time in Udaipur.
Once complete, Urban Square Mall will become a prominent retail destination in Rajasthan, just 25 km from the famous Shrinathji Temple in Nathdwara. Bhumika Group is confident that the mall will provide an unparalleled shopping experience to tourists and locals alike.
Stephen is an internationally acclaimed business news journalist with 20 years of experience in the industry. Having worked for some of the most prestigious newspapers, magazines and news organizations, Stephen has become a respected leader in international business news. His writing has been featured in publications such as The Wall Street Journal, The Financial Times, The New York Times, and Bloomberg. Stephen has also appeared as a commentator on several radio and television programs, including CNN, CNBC, and Bloomberg TV. He is a sought after public speaker, appearing regularly at conferences and industry events to discuss the latest business news. With his wealth of experience, Stephen is an invaluable resource for anyone looking to stay up to date on the latest international business news.
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