The CMR Shopping Mall in Vijayawada is located on the Vijayawada-Guntur highway. It is one of the most sought-after real estate locations as the highway witnesses major traffic during most parts of the day. This is a major advantage for the mall as it drives in a lot of foot traffic. Moreover, there are numerous corporate offices, educational institutions, and residential areas, which are beneficial for the mall.
Since the mall is located on the Vijayawada-Guntur highway, it is connected to major parts of the city and also has a bus stand as well as a railway station in close proximity, making it accessible to the people of the city.
The mall’s location is one of its biggest assets as it increases its visibility and makes it accessible to a large number of the population.
See also: Biggest malls to explore in Delhi
CMR Shopping Mall Vijayawada: Timings
The CMR Shopping Mall Vijayawada is open from 10 AM to 9.30 PM.
CMR Shopping Mall Vijayawada: Entertainment and leisure offerings
CMR shopping mall Vijayawada offers a broad range of entertainment and leisure activities for all kinds of people. The mall houses some of the top clothing brands such as Max, Mufti, Pepe Jeans, Wrangler, etc. Besides this, it has a cinema hall with ten screens that displays Bollywood, Hollywood, as well as several regional films. It has a huge gaming zone consisting of virtual reality games, arcade games, video games and much more.
The mall also hosts events and concerts from time to time and has a separate space available for rent for wedding ceremonies, birthday parties and other such functions. All these activities offer a great experience to visitors as the mall has something for all age groups and acts as the perfect spot for a social gathering with friends or colleagues. The wide range of activities also gives it a competitive edge over other malls because people get a comprehensive experience under one roof.
Read also: Top 10 biggest malls in Chennai
CMR Shopping Mall Vijayawada: Dining options
The CMR shopping mall offers numerous choices when it comes to dining options, from fine dining to popular fast food chains and a wide variety of cuisines; it acts as a perfect social hub. Some of the fast food chains include McDonald’s, Domino’s, KFC, Pizza Hut, Subway, Wendy’s, Taco Bell, Costa Coffee, Starbucks, Dunkin’ Donuts and many more.
While the fine dining options include Barbeque Nation, The Yellow Chilli, Fusion 9, Pirates of Grill, Oh! Calcutta! Mainland China, etc. Besides this, it also has several popular cafes such as Barista, Café Coffee Day, Mocha, Baskin Robbins, The Cream Centre, The Baker’s Dozen and many more.
The diverse dining options make it a great spot for enjoying meals with family and friends and add to the positive experience of the visitors.
CMR Shopping Mall Vijayawada: Commercial real estate dynamics
The mall is situated at one of the best real estate locations in the city as it is in close proximity to major transport facilities and other institutions as well. The mall’s location has impacted the real estate market of nearby areas by increasing the demand for residential properties. Moreover, the commercial real estate value of the mall is likely to increase significantly over the coming years due to its prime location.
Moreover, the rental income is a major contributor to the revenues. Generally, there is an agreement between the landlord and the tenant; the landlord pays a share of the revenues to the mall while also paying for other maintenance costs. These agreements act as major sources of revenue generation and contribute to the mall’s growth.
CMR Shopping Mall: Maintenance and management
The CMR mall pays close attention to the maintenance and management of the mall, which is crucial for attracting more customers and retaining the old ones. The mall indulges in effective property management acts such as cleaning areas, ensuring adequate safety measures, maintaining visual appeal and aesthetics, timely repairs, etc. All these efforts improve the mall’s reputation and attract more visitors. Besides this, proper maintenance and management make the mall clean and safe and improve the aesthetic appeal of the mall. All these are crucial for extending the lifespan of the property in the long run.
Real estate around CMR Shopping Mall
The establishment of the CMR Shopping Mall has significantly impacted the property values in nearby areas. Since the mall is situated in one of the prime locations of the city, it witnesses major foot traffic, leading to an increase in the real estate demand around the mall in order to take advantage of the huge customer base that the mall attracts. Moreover, the area has plenty of educational institutes and businesses, increasing the property value even more. The mall’s visibility has definitely acted as a plus point for other businesses in the area, driving up the demands.
Owning a property near the CMR mall in Vijayawada is a great opportunity for investment as the mall’s visibility and exposure would significantly help in generating greater revenues. It is a wise investment, but the only downside to it is the high property rate that one will have to pay for such a location.
CMR Shopping Mall Vijayawada: Future outlook
The CMR shopping mall is a well-positioned mall, and the revenues generated by the mall are increasing every year. It is expected that the mall will expand its retail space due to the increasing demand for retail stores in the city; this move might be helpful in attracting even larger numbers of customers. It is also expected to renovate some areas to fit the modern and clean aesthetic of the mall and make it look more appealing.
While the mall’s strategic location is one of its major strengths, it is important to take advantage of and increase its visibility and attract more visitors in order to retain them. In order to do so, there’s a need for constantly changing dynamics that add to the fun factor of the mall. Constantly adapting to the consumer needs and changing environment will help the mall retain its customer base while also establishing it as one of the best malls in Vijayawada.
FAQs
Who is the CEO of CMR shopping mall?
Mavuri Venkata Ramana is the CEO of CMR shopping mall Vijayawada.
How many CMR shopping malls are there in India?
There are around 25 stores and two shopping malls of the CMR group in India.
Is CMR the best mall in Vijayawada?
The CMR mall is one of the biggest malls in Vijayawada, with more than 200 stores.
What are some restaurants in CMR Mall Vijayawada?
Barbeque Nation, Monk’s Kitchen and KFC are some good restaurants in CMR mall Vijayawada.
What are some activities to do in CMR mall Vijayawada?
Fun & games and PVR make the mall a perfect place for hangout as you can watch movies and play games.
Are there grocery stores in CMR mall Vijayawada?
There are a few grocery stores like Pure O Naturals and Flyberry Gourmet in CMR mall Vijayawada.
What is the rent of a shop in CMR Mall Vijayawada?
The rent of a shop at CMR Mall Vijayawada is around Rs 50,000 - Rs 1,00,000.
Is it feasible to open a fast food franchise at the CMR Mall in Vijayawada?
The CMR mall is always crowded, with daily footfalls reaching 12,000-15,000 on average, which makes it an attractive investment.
What is the estimated revenue of CMR Mall Vijayawada?
The estimated revenue of the mall would be around Rs 35-40 crore per annum.
Is the CMR mall located near residential areas?
The CMR mall is located near the posh localities of Vijayawada, and it’s one of the reasons for the mall’s success.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
