Avenue Supermart has acquired land in Chandivali and created
this shopping mall to retain its market position and offer the customers the
best services. The firm owns its real estate to ensure flexibility and control,
and it is entering its retail phase with mushrooming retail shops.
Avenue Supermarts, with its DMart supermarkets based in
Mumbai is creating an eminent position in India’s commercial environment
through shrewd acquisitions. In its recent action, the company has bought one.
The 2-acre plot in the vibrant Chandivali suburb of Mumbai is the latest
addition to its expansion journey. The deal, worth more than Rs 117 crore,
indicates Avenue Supermart's commitment to growth and invention in the retail
business.
Most importantly, Avenue Supermart has managed to get an
extra 0. The proposed community center will boast a 5-floor space index (FSI)
granted by the city authority and will have a total area of 26,000 square feet.
This regulatory endorsement evidences the firm's powerful partnerships and its
skills in handling intricate institutional affairs. Through the full use of the
acquired land, Avenue Supermarts strives to increase its retail area and offer
the best value to its customers.
Unlike such traditional malls, currently on leasing models
and with huge rentals, Avenue Supermarts adopts an unconventional approach to
owning real estate. It is simply not a case of staying still as the market
keeps on changing however this decision to execute the strategic plan to be
implemented by the company relies on the fact that they have control and
flexibility in all their expansion initiatives. The total retail business area
aggregates 15% of the whole development. Avenue Supermart has borne out that,
at only 1 million square feet, it can Unilever on its long-term growth as well
as innovations.
For the fiscal year, Avenue Supermarts opened 41 new stores
that cover an area of 1. 8 million square feet, this is another proof that it
is a market leader in the retail segment. The expansion plan of the firm is
still based on the main pillars of customer-orientedness, operational
perfection, and sustainable development. As it opens its new branch in the
fast-paced Chandivali suburb of Mumbai, Avenue Supermarts underscores its
resolve to transform the retail experience and elevate the shopping journey of
the country's consumers.
Interesting news about DMart buying land in Chandivali for a new store. Looks like they're strategically expanding their reach in Mumbai. This is good news for shoppers who love DMart.
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