Comparing Three Malls in NOIDA

Recently had a chance to compare three malls in Noida. The Three of them are in very close vicinity with each other and today the three of them are a classic study material for those who want to study Real Estate, Marketing Real Estate, Risk Management, Vaastu specially about commercial spaces their culture, their space and success.

Case Study

These Malls which I have put forward are in Sector 18 of NOIDA near New Delhi (India), here I have marked them as Mall 'A', Mall 'B', and Mall 'C' listed in the sequence of size.

As you can see that the area 'A' is the smallest, while area of 'C' is the biggest, and if we see the facilities available at 'C' are much superior to what 'A' or 'B' have.

To have a glimpse of the 'C' you can surf to their website at

http://www.thegreatindiaplace.com/

This availability of Space and facilities have brought the major Brands to sign agreements with 'C' and have opened with 'C'. Another advantage which 'C' has is that it also has an Amusement Park and Cinema to pull the footfalls (a jargon used by several people in the Real Estate Industry about which I shall discuss in another blog of mine),

then comes 'B' it has a cinema screen, and has the ability to pull some of the footfalls, specially for those who wish to watch a movie which is not running at 'C', and it would not be out of point to mention here that 'C' has six multi screens to boost of.

Now the hundred dollar question is what should 'A' do to get the footfalls, which neither has the facilities, nor the brands nor a cinema. Did the Real Estate Developers think of this Risk did they inform their clients. So you see Risk is not just the contract papers, it involves the ability to look into the future, and look at several aspects of the equation.

(I already have the answer and will be sharing it with you all in due course of time, as I give you more details about the three of them)

Soon I will be going to this Mall 'A' and will bring some pictures to assist you all to analyse how the situation is today.

Where are the Good People of the Industry? ...............Are they still with you?..............Look again around you.

If you look at most of the survey and studies by staffing services firm they will all indicate that the global talent crunch is clearly here.

What is seen is that companies have been shedding jobs, and there aren’t too many new ones going around.

For all the shedding that is taking place, one will have to see around if good people are available for the picking? some would suggest that it is and some would say it would seem not. If you are the one who suggests that companies have managed to hang on to their best talent, then please think again as it is only half the story.

If you were travelling in a bus and it breaks down on the way, and if you are told that it will take about five hours for repairs, what do you think.

Among your co-travellers who have left and who are the ones who have stayed back. If you look around the most resourceful, talented and best suited employees, with skills that are much in demand across companies and sectors, have left and only the infirms with low resources have tend to hunker down and wait out a repair job. Their preference for the status quo and fear of change outweighs the risk of travel of a new job.

The bad news for companies is that those talented employees will leave or have left, helping others in the process to reach the destination before you.

Whenever or as soon as the economy turns, these talented people would have joined your competition—unless they were given good reason to stay back.

Each organization have their share of Horses, Mules and Donkeys.

Recession in the Real Estate Market

Everyone wants to hear that recession is ending. The person who gives the earliest date is the best man of the industry. Not because he knows all but because he gives hope.

This hope to be back in business and booking profits again. Any news which tells that bad days are over is lapped up first.

But the question is why should we look at all these people for guidance. If you want to have a tab on the real Estate Market look at the Rentals and what rentals say the main market will follow.

Another thing what is also important to note here is that the Real Estate Market follows the other market but just takes more time to react. (with a gestation period of about 9 months) If the main markets starts going north at this hour the real estate will start going north about 9-12 months from now. So just watch and keep your fingers crossed. If you want to survive be innovative, and innovation does not come cheap (unless you already have those people with you.) If you are a large organization, and now that your caravan is passing the desert, your survival and moving from one oasis to another will depend more on your hawks and horses than your camels. Now look and see how many horses and hawks you have, or you have only donkeys and mules. In the innovation end let me put one thing here that let your boys go to your old clients and specially to those who you have lost.(early business will be from them)