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 Post subject: Shopping Malls in Vizag
PostPosted: July 29th, 2007, 11:26 am 
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Joined: July 29th, 2007, 11:04 am
Posts: 54
Good News to Vizagities.....

SHOPPERSTOP and CHERMAS in Vizag

To identify a city on the move, one needs to look at two sectors hospitality and retail and these are the two sectors which are on an upswing in Vizag, the second largest city in Andhra after Hyderabad. Large retailers like Shoppers Stop and Inorbit are looking at this city after seeing the huge success of outlets like these.

The Big Bazaar outlet in Vizag occupies 65,000 sq ft of retail space spread over five layers. In its two odd months of existence, it has managed 10,000 footfalls a day on weekdays and 20,000 on weekends.

Sales here have been better than expected though the store manager declined to share details. Many of the deep-pocketed shoppers are from other cities floating in to manage new projects in the manufacturing and services sector, especially IT and ITES. This trend has given hoteliers a reason to smile.

General Manager at The Park, Visakhapatnam, Subrata Majumdar says, "In the last one year, growth in occupancy is around 25-30% in 5-star or 3-star and above hotels. Average daily rate of the hotels has grown 35-45%- a phenomenal rise which Vizag hasn't seen or not many towns and cities in India have seen."

With many non-residents of the city choosing to become long-term residents, it is not surprising that large residential townships are coming up, pushed by Vizag's urban development authority as it grapples with the pangs of growth of what is branded as the 'city of destiny' in Vizag.

The famous clothes showroom CHERMA's of HYD is setting up a new mall in Vizag.It has already completed 60% of its construction and already kept its outlets.The exact location is by the side of RAYMOND showroom at Jagadamba Centre(Behind PetrolBunk).

Art Deco, in collaboration with Sweety Builders, is constructing a multiplex in a seven-storey complex at Super Bazar premises near the Police Commissionerate in Vizag at an estimated cost of Rs 15 crore. The project is being implemented on BOT basis. The land is given on lease for 33 years to the operator who in turn will give Rs 2.5 lakh monthly rent, which will be enhanced by five per cent every year.
The complex will comprise a mega shopping mall, a family entertainment centre, four theatres with 70mm screens, food courts and a restaurant. The complex will have parking space for 900 vehicles which will be accommodated in a cellar and sub-cellar. The complex will also have banking facilities, coffee shops, fast-food outlets, multi-cuisine restaurants, pubs and gaming zone.

CMR group is constructing a Multiplex in Maddilapalem Jn. in the lines of Dubai Shopping Malls.The construction is already started and it is going to open in the Early2008.


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 Post subject: Vizag Ahead!
PostPosted: July 29th, 2007, 12:11 pm 
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Telugu Kavi
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Joined: June 6th, 2006, 3:17 pm
Posts: 829
Location: India
Shringar Cinemas to enter Vizag by next year!

Mumbai-based Shringar Cinemas is foraying into the southern cities, with plans to open 12 multiplexes in the next couple of years with its Fame brand of multiplexes.

The first, Fame Lido, a four-screen, 1,029-seat multiplex, will be launched in mid-September at Bangalore. The second property, Fame Shankarnag Symphony, a leased single-screen theatre, would be operational by the end of the year. The 560-seat theatre would have a 40-seat Gold Lounge and 120-seat Jubilee Lounge.

In addition to this, the company plans to open three other multiplexes in Bangalore, four in Chennai, one each in Hyderabad, Vizag, Vijayawada and Mysore in the next 2-3 years. Currently, it operates 11 multiplexes primarily in the western parts of the country, comprising 39 screens with around 9,500 seats.

"Like in Maharashtra, Punjab, Uttar Pradesh and West Bengal, the southern state governments do not provide any special tax sops for multiplexes. South India has a higher purchasing power parity, which forces the multiplex majors to open shops here. The film distribution business that we have will also support our multiplexes to a great extent." said Sourabh Saxena, Vice-president (operations), Shringar Cinemas.

According to a recent report of Angel Broking, the number of multiplexes in the country is expected to more than double over the next three years from 135 multiplexes with 478 screens and 1,33,000 seats due the retail boom.

India is expected to have over 1,100 screens and 3,20,000 seats by 2010. The proposed expansion is likely to attract a minimum investment of Rs 1,000 crore. The multiplexes now account for 3.7 per cent of the total 13,000 screens in the country, but contribute 25-30 per cent of the box office collections in India.

_________________
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 Post subject:
PostPosted: August 4th, 2007, 10:52 am 
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Telugu Simham

Joined: June 2nd, 2004, 10:24 pm
Posts: 1129
Location: Vizag/Bangalore
INOX project taking CRZ norms for a ride.

A project is coming up on beach road in disregard of concern for environment. A private company that engaged in the construction of a multiplex comprising six theatres and a hotel near Ramakrishna Beach has been flouting the environment and Coastal Regulation Zone norms.

The entire project comes in CRZ area – II. Though construction is permitted in zone II area, a special permission is needed from the State Coastal Zone Management Authority if the cost of construction exceeds Rs. 5 crores. The projected cost is over Rs. 25 crores and so far the company has not applied for permission. It has also not applied for special permission for sinking borewells.

Sinking of borewells without proper assessment and clearance is prohibited in CRZ areas. This was confirmed by the Andhra Pradesh State Environment and Forest Science and Technological Department.

No clearance sought

As per a notification from the Ministry of Environment and Forest prior special clearance is also required if the built-up area exceeds 20,000 sq. m. and the initial plan sanctioned by the GVMC puts the figure at 22,288 sq. m.

GVMC sources said the company had applied for an additional 3,000 (approx) sq. m. of built-up area which was also approved.

The Pollution Control Board confirmed that they had not received any application from the company. As per the Environment Protection Act of 1996, construction beyond 20,000 sq. m. in CRZ area needs clearance from the State Environment Impact Assessment Authority. Moreover, the authorities have handed over 700 sq. m. (approx) of open public land to the company. As per GO 72 of 2002, neither the government nor any local body has the power to convert open space earmarked for parks or playgrounds for any other purpose. But the local authorities have annexed the land to the company as a ‘special case’ through GO 554.

However, the GVMC clarified that due to the irregular shape of the open space, left unused for several years, it was exchanged for 275.93 sq. m. of land of the company earmarked for road-widening.

The multiplex also flouts the norms of the VUDA master plan that prohibits, through GO 345, construction along Beach Road beyond a height of 10 metres . But the proposed height of the project is 27 metres.

The GVMC points out that the restriction has been enhanced to 30 metres through a new GO. But then the plan for the multiplex was approved when GO 345 was in force.


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 Post subject: forward the details to TDP
PostPosted: August 4th, 2007, 2:48 pm 
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Joined: August 4th, 2007, 12:21 am
Posts: 37
Re:INOX project taking CRZ norms for a ride.

Hi,

probably this issue should be forwarded to TDP who will follow it up vigourously,though for thier own ends,it serves the public cause.


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