Photo / Ben Sutherland
Global Cities
Retail guide
Cushman & Wakefield 2013/2014
kolkata
Global Cities
Retail guide
kolkata
Overview
Kolkata, known as the intellectual seat of India and
formerly the capital of British India, is the country’s
third most populous city today. Geographically the
city is located on the banks of river Ganga and just
180 kms away from the Gangetic delta. Covering
almost 1,480 square kilometres (sq.km) the city has
a population of over 14 million.
As a financial hub the city is expanding itself embracing a huge influx of population from neighbouring states. In the last two
decades the city has seen a rapid change in retail as well as real estate developments and social infrastructure. Although the
city saw an industrial dormancy after Independence, in the last two decades the city has witnessed significant economic
development driven by the boom in the IT/ITeS sectors. Today the city is the trading and financial hub of Eastern India as
well the North Eastern states. It is also seeing the entry of many corporate players from various sectors like IT, BFSI,
Healthcare, Hospitality, Real estate and Education.
Over the years the city has also embraced the concept of modern retail along with traditional retail. It has become one of
the prime destination for many national and international retailers. The retail hub of the city is located in the Central
Business District (CBD) covering Lindsay Street , Park Street and Camac Street. This particular zone is one of the prime
main street locations, accommodating major international brand stores along with the local brands.
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Overview
14.1million
Metropolitan Population
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Key Retail Areas & Streets
central business district
Lindsay Street, Park street, camac street
This particular main street is Kolkata’s premier retail and office neighborhood and is home to numerous national and
international retail brands.
Elgin road, theatre road
Elgin Road and Theatre Road are the emerging main streets of the city, accommodationg some of the high end retail stores
and malls. Elgin Road boasts of having the city’s one of the most prime shopping mall named Forum. Its has good composition
of brands of various positioning. Brands like Mango, Aldo, Jack & Jones, Adidas, Nike, UCB, Shoppers Stop are major brands
represented.
South kolkata
GARIAHAT
Gariahat is an established market which offers unparalleled retail exposure with a mix of local, national and international retail
brands including Woodland, Adidas, Reebok and Levi’s.
SOUTH CITY MALL
South City Mall, is the most successful Mall. It is one of its kind due to its sheer size (1million sqft). It is the only Mall that caters
to the entire south Kolkata cathment. Brands such as Lacoste, US Polo, Marks & Spencer and Forever New add to the variety of
the new mall.
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Key Retail Areas & Streets
eAST KOLKATA
CITY CENTRE I
City Centre I is located in the central part of Salt Lake City, and totals 350,000 sqft . The mall has an unique mix of local,
regional and international brands. Brands like Apple, Bose, Adidas, UCB, KFC, Pizza Hut, Arrow and Zodiac are major brands
represented.
MANI SQUARE
Mani Square (300,000sqft) is located on EM Bypass, the eastern corridor of the city .Brands like McDonald’s, Levi’s, Razo, Nike
and Puma are major brands present in the mall.
NEW TOWN, RAJARHAT
CITY CENTRE II, NEW TOWN
City Centre, New Town (350,000sqft) is a prime mall with a tenant mix featruing local, national and international retailers. The
mall primarily caters to the upcoming satellite township of New Town, Rajarhat along with northern fringes of the city. Brands
like Apple, Sumsung, UCB, Reebok and Adidas are represented.
NORTH KOLKATA (PERIPHERAL LOCATION)
KANKURGACHI , VIP ROAD
Kankurgachi and VIP Road is another prominent retail submarket in Kolkata. The retail landscape continues to evolve as
domestic and international brands assert their presence in this coveted neighborhood.
DIAMOND PLAZA
Diamond Plaza (227,000sqft) is located on Jessore Road. This prime mail caters to the catchments of North Kolkata. Brands
such as KFC, Pantaloons, Reliance Trends are represented.
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Key Retail Areas & Streets
market overview
Data as of August 2012
KEY AREAS/
STREETS/SHOPPING CENTERS
CONSUMER
PROFILE
MAJOR RETAILERS
PRESENT
NEW
ENTRANTS
AVERAGE RENT
RANGE OF
UNIT SIZES
Lindsay Street/Park Street/
Camac Street
Affordable & Mid
segment
Bata, Reebok, Woodland, Adidas, Zodiac,
Nike, Levi’s, World of Titan, Apple Store,
Reliance Jewellery
Manyavar,
Prapti, Bhimjee
Zaveri, W
USD9.5/sqft/month
400 – 600 &
1,000-3,000
Gariahat
Affordable & Mid
segment
Pantaloon, Spencer’s, Levi’s, Reebok, Adidas,
Raymond’s, World of Titan, Tanishq, Fasttrack
M.P.Jewellers,
Fastrack, Turtle
USD 4. 6/sqft/month
400 – 800 &
1,500 – 4,000
Theatre Road/Elgin Road
Hi and Mid segment
Sony, Max, Tommy Hilfiger, Calvin Klein,
World of Titan, Titan Eye Plus
Ritu Kumar
USD 7. 5/sqft/month
500 – 1,000 &
1,500 – 3,000
Kankurgachi /VIP Road
Affordable & Mid
segment
Pantaloons, Tanishq, World of Titan, VIP,
Samsonite
Turtle, Bhimjee
Zaveri
USD 3. 7/sqft/month
500 - 700 &
1000 -3000
Forum Mall
Hi and Mid segment
Shoppers Stop, Vero Moda, VIP, UCB, Liliput,
Global Desi, Mango, Aldo, And
Vero Moda, Jack
& Jones, Swatch,
Raymond Weil
USD 9.5/sqft/month
1,000
South City Mall
Hi and Mid segment
Shoppers Stop, Pantaloons, Lacoste, Bose,
Forever New, Nike, Timberland, Adidas,
Guess, FCUK, Puma
Sisley,US Polo
USD 4.2 /sqft/month
1,200
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Key Retail Areas & Streets
market overview
Data as of August 2012
KEY AREAS/
STREETS/SHOPPING CENTERS
CONSUMER
PROFILE
MAJOR RETAILERS
PRESENT
NEW
ENTRANTS
AVERAGE RENT
RANGE OF
UNIT SIZES
City Centre I
Hi and Mid segment
Shoppers Stop, Arrow, Wills Lifestyle, W,
Adidas, UCB
Titan,Blue &
Blues
USD 6 /sqft/month
800
City Centre,New Town
Affordable & Mid
segment
Pantaloons, Rene, Apple Store,
Samsung,Arrow, Adidas, Gini & Jony
Thai Spa, Black
Berry
USD 2 /sqft/month
900
Mani Square
Affordable & Mid
segment
West Side, World of Titan, Titan Eye +, Rene,
Blue & Blues, Gini & Jony
USD2. 8 /sqft/month
1,000
Diamond Plaza
Affordable & Mid
segment
Reliance Trends, Reliance CDIT, Reliance Foot
Print, Archies, Pantaloons, Prapti, Bata, Big
Bazzar
Opening
September 2013
USD 2.5 /sqft/month
1,000
Avani Riverside Mall
Affordable & Mid
segment
Pantaloons, Reliance Trends, Reliance CDIT,
Peter England, Nike,Provogue,Biba
Prapti, People,
Derby
USD 2.5 /sqft/month
800
Metropolitan Mall
Affordable & Mid
segment
Big Bazzar, Turtle, Peter England
London Bridge
USD1.8 /sqft/month
600
The rates have been quoted on carpet area and based on the ongoing market rental for the ground floor space
CUSHMAN & WAKEFIELD
Global Cities
Retail guide
kolkata
Food & Beverage
Kolkata is a gourmet’s paradise. Park Street and Camac street
located in CBD are known as the food streets of the city. The entire
stretch offers an array of ine dining restaurants, fast food joints,
cafes and pubs. Brands such as KFC, Dominos Pizza, Pizza Hut and
McDonald’s, are the major fast food brands present.
market overview
Data as of August 2012
KEY AREAS
CONSUMER PROFILE
FOOD & BEVERAGE
OPERATORS INCLUDING
RENT FOR 3,500
SQFT UNIT
Park Street/
Camac street
High & Mid segment
McDonald’s,KFC, Veda, Dominos,
Cafe Coffee Day, Barista, Bar B Q,
Marcopolo, Pizza Hut, Shisha
USD 7/sqft/month
Sector V
High & Mid segment
McDonald’s, KFC, Cafe Coffee Day,
Pizza Hut, Barbeque, Dominos,
French Loaf, Barista, Subway
USD1.2/sqft/month
CUSHMAN & WAKEFIELD
JOHN STRACHAN
MATT WINN
JAMES HAWkEy
Global - EMEA
Ph: +44 20 7152 5090
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London, England W1A 3BG
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700
Atlanta, GA 30308
matt.winn@cushwake.com
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Ph: +86 28-8658 7878
Unit 1407
yanlord Landmark Office Tower
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Chengdu, Sichuan, China 610016
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www.cushmanwakefield.com
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