Hyderabad has officially unveiled its biggest mall, with the inauguration of Lakeshore Mall Hyderabad on December 12, marking a defining moment for the city’s retail and lifestyle landscape. Positioned as India’s biggest mall, Lakeshore Mall is not just another new mall in Hyderabad, it is a development that is expected to reshape how West Hyderabad lives, shops, and invests. As the city watches this massive retail destination come to life, one question naturally follows: what impact will India’s biggest mall have on the surrounding neighbourhoods?
The Lakeshore Mall is located at a high-traffic intersection with easy access to the Kukatpally Metro Station and draws a high volume of foot traffic which illustrates that the location will be a great strategic marketing vehicle for any retailer.
Having established the Lakeshore Mall as part of the Kukatpally Corridor, which is located within the intersection of the Kukatpally Residential Area, the Commercial Area, and the Kukatpally Transit Corridor, will make the Lakeshore Mall the area where residents will visit for their lifestyle needs as well as their retail needs.
Size-wise, early estimates suggest that the Lakeshore Mall will be more than 30% larger than the Sarath City Capital Mall and almost double the size of the Inorbit Mall, making it one of the most ambitious shopping malls built in southern India.
The transformation is related to the real estate trends in the surrounding micro-market. Numerous examples from various locations throughout Hyderabad have demonstrated sustained growth in rental and real estate values around major malls (e.g., Sarath City Capital Mall and Inorbit Mall). Many industry analysts believe Lakeshore Mall Hyderabad will follow a similar trajectory due to both the size and location of Lakeshore Mall Hyderabad creating additional demand for multi-family residential projects in the adjacent locations.
Magicbricks reports that the price trend of residential properties in Kondapur increased by approximately 24% between 2013 and 2018. However, following the opening of Sarath City Capital Mall in early 2018, the average residential price increased by nearly 58%, indicating that price appreciation within the area nearly doubled following the opening of Sarath City Capital Mall. While there are numerous factors that affect the prices of real estate, it is clear from the data that the time frame following the opening of Sarath City Capital Mall corresponded with increased rates of residential development within the surrounding micro-market. There is anticipation that similar increases in demand and price momentum for multi-family residential products will occur around Lakeshore Mall in Kukatpally.
ASBL Landmark, a luxury residential project located adjacent to Lakeshore Mall and covering 6.6 acres, is impacted by this transition. ASBL Landmark features beautifully designed 3 and 3.5 bedroom homes that blend Luxury Living with Comfort and Accessibility at an ideal location. The project is less than a 100 steps away from Balanagar Metro Station Kukatpally making ASBL Landmark one of the best-connected residential projects by Metro in Hyderabad, India. On launch day alone, ASBL Landmark recorded sales of approximately INR 500 Crores and has positioned itself as "Built for the People Who Built Kukatpally." Additionally, ASBL Landmark is rewarding customers with a monthly rent income of INR 1 Lakh until March 2027.
In addition to being less than five minutes from the new mall, ASBL Landmark residents enjoy unique access to the largest mall in Hyderabad allowing easy access for shopping, dining, and entertainment. The project is being offered with a limited time offer that makes this the perfect opportunity for anyone looking for a home or investment in one of the most dynamic locales in Hyderabad.
The opening of Lakeshore Mall Hyderabad doesn't only signal the establishment of a retail outlet; it marks an evolution of the Y-Junction area of Kukatpally. In addition to creating new patterns of daily living, increasing mobility within the area, and affecting the future demand for real estate in the vicinity, the arrival and accumulation of development activity in the immediate area surrounding Lakeshore Mall will eventually become extremely significant. Therefore, Lakeshore Mall will not only have an impact on how residents shop throughout Hyderabad, but also on where they chose to live.
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