News: 100 Souks,100 cities,100 months
(TNN 07/05/2006) New Delhi - The Delhi based real estate major Aerens Goldsouk International who revolutionised the jewellery industry with specialised malls plans to develop 100 Gold Souks in 100 cities in India and abroad in the next 100 months. It is estimated that more than 40 million sq ft of retail space will be developed with more than Rs 15,000 cr of investments.
The 100 Souks will be opened in a phased manner with the first phase comprising of Gold Souks in Ludhiana, Amritsar, Jaipur, Kochi, Chennai, Hyderabad, Bangalore, Mumbai, Ahmedabad and Kolkata.
This will be followed by the other identified cities across India. The company also plans to foray in the international market will also be marked by the launch of Gold Souk in USA, UK, Canada, UAE, Thailand and China.The group plans to open 94 in domestic market six in the international market.
Addressing a press conference here Gaurav Gupta vice chairman and joint MD, Aerens Goldsouk International: “It is our aim to bring India on the international map with the launch of specialised malls.
Our presence in 100 cities and the foray in the International market in 100 months will make us not only the fastest growing company in India in real estate but also leaders in specialised malls with a focused approach for the jewellery industry.”
The first Gold Souk was launched in Gurgaon, NCR in 2004. Spread over 1,80,000 sq. ft. the Souk houses leading jewellers from all over India and abroad under one roof. Coupled with facilities and ambience for both the consumers and the retailers.
“With the launch of Gold Souk, the jewellery industry has undergone a revolutionary change both for the jeweller and the consumer. We have received an extremely positive response for our first Gold Souk and it is our endeavour to extend this experience across India and abroad and transform the jewellery industry,” says Gaurav Gupta.
With the opening of FDI in retail, Gold Souk is the only platform providing luxury retail space and focused customers for jewellery retailers planning to enter India.The company has already announced Gold Souks in Ludhiana, Jaipur and Kochi, which will be operational by 2007. The Souks in Amritsar and Chennai will be announced in year 2006 and will be operational by 2008.
Gaurav Gupta says: “The Aerens Group strives on the key values of quality, dedication, building relationships and service. The jewellery retailers present in Gold Souk Gurgaon are happy with the business at the Souk and have already signed with us for the other locations, which indicates the high levels of satisfaction for the jewellers.”
The 100 Souks will be opened in a phased manner with the first phase comprising of Gold Souks in Ludhiana, Amritsar, Jaipur, Kochi, Chennai, Hyderabad, Bangalore, Mumbai, Ahmedabad and Kolkata.
This will be followed by the other identified cities across India. The company also plans to foray in the international market will also be marked by the launch of Gold Souk in USA, UK, Canada, UAE, Thailand and China.The group plans to open 94 in domestic market six in the international market.
Addressing a press conference here Gaurav Gupta vice chairman and joint MD, Aerens Goldsouk International: “It is our aim to bring India on the international map with the launch of specialised malls.
Our presence in 100 cities and the foray in the International market in 100 months will make us not only the fastest growing company in India in real estate but also leaders in specialised malls with a focused approach for the jewellery industry.”
The first Gold Souk was launched in Gurgaon, NCR in 2004. Spread over 1,80,000 sq. ft. the Souk houses leading jewellers from all over India and abroad under one roof. Coupled with facilities and ambience for both the consumers and the retailers.
“With the launch of Gold Souk, the jewellery industry has undergone a revolutionary change both for the jeweller and the consumer. We have received an extremely positive response for our first Gold Souk and it is our endeavour to extend this experience across India and abroad and transform the jewellery industry,” says Gaurav Gupta.
With the opening of FDI in retail, Gold Souk is the only platform providing luxury retail space and focused customers for jewellery retailers planning to enter India.The company has already announced Gold Souks in Ludhiana, Jaipur and Kochi, which will be operational by 2007. The Souks in Amritsar and Chennai will be announced in year 2006 and will be operational by 2008.
Gaurav Gupta says: “The Aerens Group strives on the key values of quality, dedication, building relationships and service. The jewellery retailers present in Gold Souk Gurgaon are happy with the business at the Souk and have already signed with us for the other locations, which indicates the high levels of satisfaction for the jewellers.”
posted by InCar Group Press Room at 11:31
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