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    Chennai to get its first luxury mall


    Bergamo Luxury Mall, a shopping destination for the super rich, is set to open its doors in Chennai at Khader Nawaz Khan Road.

    The 40,000 square feet mall will open on June 15 next year, with 24 stores offering products by high end European brands. Bergamo will be on a par with similar luxury malls in Delhi and Bangalore. The bespoke retail space will house premium international luxury brands in an environment that will match their positioning — the mall will offer exclusive services like meet-and-greet hostesses, personal shopping advisors and concierge services, according to , MD, Bergamo and KKA Buildtech Pvt Ltd, the promoters.

    According to of Squarefeet Management Pvt Ltd, the consultants for the project, discussions are on with a range of players and international brands and the agreements will be finalised over the next three months. Retailers will be given the space for fit outs in March 2010 in time to open in June, he said.

    Luxury retail is coming into its own in India where the demand for such products is estimated at about Rs 4,000 crore but is dominated by the grey market. Bergamo will be the third luxury mall of its kind. As far as location goes, there is no alternative to Khader Nawaz Khan which has emerged as the destination for high-end brands.

    Bergamo is KKA’s first project in real estate development. But the group is well suited to handle the niche segment as it is among the leading manufacturer and exporter of apparels for high-end brands, said Agarwal.

    The group is a leading supplier for marquee brands like Polo, , and . It also has a diversified presence in agriculture and food processing.

    Source: The Hindu Business Line