Bhumika Group has signed an agreement with Shoppers Stop Ltd., one of India's largest chain of Department Store for its Mall Urban Square at Udaipur. Shoppers Stop has 83 stores across 38 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health & beauty products, home furnishing and decor products. Spread over the Ground Floor and Upper Ground Floor measuring a total Carpet Area of 20,331 Sq Ft., Shoppers Stop at Urban Square will be the first store in the city and is expected to be operational by 2021.
Shoppers Stop will be one of the biggest attractions and an integral part of the upcoming "Urban Square", an integrated Hospitality, Retail and Family Entertainment destination at Udaipur. The store will offer more than 1 Lakh + Styles and exclusive brands to choose from.
Uddhav Poddar, Managing Director, Bhumika Group, said, "Shoppers Stop" is country's leading retail player, and we are very pleased to partner with the company to launch their Ist flagship store in Udaipur at Urban Square. We are confident that the Shoppers Stop brand will further enhance the shopping experience that the Urban Square has to offer to the shoppers, travellers, office goers and food lovers. We feel that the brand is a perfect fit to match the growing demand for quality International & National Lifestyle brands in Udaipur. Shoppers Stop is a big brand in itself is known to have over 1 Lakh styles and brands to choose from with an excellent loyalty program, which, I am sure, will add to the success of the store.
He further added, "Urban Square is being designed and developed as an ICONIC - Hospitality Focused Mixed-Use Destination Development for entire Rajasthan & for Tourist Traffic of Gujarat with a balanced mix of Commercial Retail, Hospitality and Entertainment. The project has been conceived as a catalyst to enhance commerce, infrastructure and hospitality standards of the historic city of Udaipur.
Urban Square is 1.8 Million Sq. Ft. mixed-use project being developed in 2 Phases, which also has a mall positioned as an "All Under One Roof" Mall and Multiplex with Lifestyle Retail, Mouth -Watering F&B options along with a Food Court, a state of art Multiplex, adrenaline-driving Gaming Zone and a Bowling Alley and many more entertainment options for the entire family. The development also includes grade A Commercial Office space, Commercial Serviced Suites and a 5 Star Hotel.
Urban Square, Udaipur is a 30-minute drive from the Maharana Pratap Airport and a 7-minute drive from the city centre. Located on the Gaurav Path - NH8, Urban Square, Udaipur will benefit from excellent visibility and frontage along the six-lane roads connecting Ahmedabad, Udaipur, Jaipur and Nathdwara, a popular religious destination.
Many National & International retail brands like Marks and Spencer's, INOX, Holiday Inn, Sketchers and F bar have signed up and many other leading National & International brands are in advanced stages of negotiations for leasing space in Urban Square, Udaipur.
Shares of SHOPPERS STOP LTD. was last trading in BSE at Rs.460.8 as compared to the previous close of Rs. 456.4. The total number of shares traded during the day was 848 in over 112 trades.
The stock hit an intraday high of Rs. 470 and intraday low of 458.25. The net turnover during the day was Rs. 394721.