Shopping in Chennai explained

Chennai remains the chief retail industry and shopping centre in South India, with some of its suburbs serving as exclusive shopping districts. Since the formation of the city in the seventeenth century, George Town remains one of the chief commercial neighbourhood of the city. However, with the centuries passing, the central business district of the city started shifting towards the south of Fort St. George and moving to its present location at Gemini Circle. The city's retail industry is concentrated chiefly in T. Nagar, which is by far the largest shopping district of India, generating more than twice the revenue of Connaught Place in New Delhi or Linking Road in Mumbai, even by conservative estimates.[1]

History

The first silk sari shops in the city appeared in George Town towards the end of the nineteenth century. These remained popular until about 1915, when new shops were opened in Chintadripet, followed by shops near the Parthasarathy temple in Triplicane in the following years. By the late 1930s, similar shops were opened near the Kapaleeshwarar temple in Mylapore. By this time, the Long Lake on the western peripheral region of the old city was drained out resulting in the formation of T. Nagar extension from the existing neighborhood of Mambalam in 1923. The laying of suburban railway line from Egmore to Kancheepuram in 1911 resulted in a station at Mambalam. In the 1950s, textile shops appeared in T. Nagar, which were soon followed by jewellery stores, eventually making the neighbourhood as a shopping destination of the present day.[2]

Retail industry

Chennai is the most important gold market in the South Indian region which contributes to 45 percent of the total annual national offtake of 800 tonnes. T. Nagar accounts for about 70 to 80 percent of the gold sold in the city.[2]

According to the 2012 Cushman & Wakefield report Main Streets Across the World, Khader Nawaz Khan Road at Nungambakkam ranked 10th position in the list of 'Top 10 Global Highest Retail Rental Growth Markets 2012', with 36.7 percent increase in rents.[3]

Notable shopping malls

NameLocationYearSizeSource
Spencer PlazaMount Road1863250000square feet
Alsa MallMontieth Road, Egmore1998
Abhirami Mega MallPurasawalkam2003
MayajaalKanathur, East Coast Road200630000square feet
Chennai Citi CentreDr.Radhakrishnan Salai, Mylapore2006117600square feet
Ampa SkywalkPoonamallee High Road, Aminjikarai2009650000square feet
Express Avenue20101500000square feet
Chandra MallArcot road, Virugambakkam2011143130square feet[4]
Vivira MallNavalur, OMR2011300000square feet[5] [6] [7]
Spectrum MallPaper Mills Road, Perambur2011160000square feet
Ramee MallAnna Salai, Teynampet2012225000square feet[8]
BergamoKhader Nawaz Khan Road, Nungambakkam201240000square feet
Gold Souk Grandé Mall ChennaiGST Road, Vandalur2015800000square feet[9] [10]
Phoenix Market City (Chennai)Velachery20132400000square feet[11]
Forum Vijaya MallArcot road, Vadapalani2013700000square feet[12]
VR ChennaiInner Ring Road, Anna Nagar West20182000000square feet
The Marina Mall, ChennaiOMR Road, Egattur2019550000square feet
BSR MallThoraipakkam2020140000square feet
Saravana Selvarathnam Ultimate Store MallPallavaram2022

See also

Notes and References

  1. News: The Economic Times. 7 February 2013. India's biggest shopping district Theagaraya Nagar in Chennai to get a retail makeover . 9 February 2013.
  2. News: Varghese . Nina . T.Nagar: Shop till you drop, and then shop some more . Business Line . Chennai . The Hindu . 29 August 2006 . 14 January 2013 . dead . https://web.archive.org/web/20120926000130/http://www.thehindubusinessline.in/2006/08/29/stories/2006082903011900.htm . 26 September 2012.
  3. News: Mumbai records maximum growth in retail rent globally. Samay Live. SamayLive.com. 19 November 2012. 2012-12-28. dead. https://web.archive.org/web/20121126061555/http://english.samaylive.com/business-news/676517901/business-mumbai-growth-in-retail-rent.html. 26 November 2012.
  4. Web site: Chandra Mall . Chandrabuilders.in . 2012-11-06.
  5. Web site: Coromandel Plaza . Coromandel Plaza . 2012-11-06.
  6. Web site: Location – Map with Driving Distance . Coromandel Plaza . 14 September 2011 . dead . https://web.archive.org/web/20110824044115/http://www.coromandelplaza.com/advantageomr_new.html . 24 August 2011 .
  7. Web site: The AGS Cinemas at OMR Navalur Chennai – India Buzz Info . Inbuzz.info . 15 May 2011 . 14 September 2011.
  8. Web site: rameemall . rameemall . 22 July 2010.
  9. Web site: Welcome to Gold Souk . Goldsoukindia.com . 22 July 2010.
  10. "Gold Souk Grande Mall – Operational by first quarter of 2012 ", India Retailing
  11. Web site: Market city | inside . Phoenixmarketcity.in . 22 July 2010 . dead . https://web.archive.org/web/20110306174250/http://www.phoenixmarketcity.in/chennai/chennai_location.html . 6 March 2011 .
  12. Web site: Forum . Potentialsemac.com . 2012-11-06.