Urban Square Project To Be Ready By RERA Timeline
Bhumika Group has announced they will deliver their flagship Mixed-Use project - Urban Square by March 2021 as per initial RERA timelines committed. Urban square is one of the only few projects in Udaipur, where construction has resumed post lockdown and is going as per the scheduled timelines. Uddhav Poddar said, “We were able to retain the labour during lockdown and work was re-started on April 25th 2020 as per the government’s circulars with all the necessary safety precautions, sanitization and social distancing norms. In the last 2 months substantial work has been done and project is very much on the track.” He added, “Almost all the brands signed up at Urban Square are looking forward to the launch of the Mall. We are thankful to them for honouring the existing commercial terms as per the agreement confirming possession as per the committed timelines.” Shoppers Stop, Reliance Trends, Inox, Marks & Spencer, Holiday Inn, Zudio, Aeropostale, Sketchers, US Polo, Arrow Sport, FCUK, F-Bar, Looks, Go Colors, Reebok, Pepe Jeans, among others. These brands have leased around 1.75 lakh sq ft area. There is not much inventory left in the mall now. The company has floated exciting payment plans given the current crisis and is getting favourable responses from the market. There has been an unprecedented demand which is reflected with no reduction in prices; the indications are that prices are expected to appreciate soon, especially once the mall becomes operational. Urban Square is a 1.8 million sq ft ‘All Under One Roof’ mixed-use project. The development also includes Grade -A commercial office space, commercial serviced suites, and a 5-star hotel.
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