Tag: Mr. Sagar Saxena

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Spectrum Metro hosts 2 day Downtown Franchise Show with 1000+ investors

Mar 9, 2021 by Rekha Nair 0 Comments #Mr. Sagar Saxena, #Project Head, #Spectrum Metro

Spectrum Metro, upcoming futuristic retail project in Sector75, Noida hosted a 2 day Franchisor-Investor Meet in their lower ground floor area. The event was attended by around 1000+ investors and 150+ franchisors from reputed retail, food and lifestyle brands like Biba, Reliance Trends, Max Fashion Store, Vagad Khadi, Karim, Coffee Point, ColorBar etc. The purpose of the event was to bring franchise partners and investors under one roof to invite investment and interest for the project of Spectrum Metro.

The Meet was followed by a Talk show which had eminent personalities from retail industry like Mr. Vivek Sharma, Max Fashion Store, Mr.Sourabh Singhal, Food Forum of India , Mr.Mahendra Bhadouria, Biba , Mr. Gaurav Marya, Franchise India, Mr. Jay Yadav, New U, Mr. Aaradhya Khanna, Gem Selections and Mr. Manoj Ray, Promoter, Spectrum Mall discussing the innovations, new standards in retail outlook and the changing paradigm of business.

3,00,000 sq.ft of area has already been leased out in the project which comprises of around 150+ shops by anchor brands like Max, Haldiram, Reliance Trends & Digital, DIY, Looks, Sagar Ratna, Nazeer Foods, Jockey, Himalaya Opticals It recently became the only commercial project in Noida to get its registry, for the 6 lakh sq.ft of ready commercial space. This franchisor –investor meet was hosted to accelerate the process to lease out remaining 3 lac sq. ft of commercial space

Mr. Sagar Saxena, Project Head, Spectrum Metro elaborating upon the scope of high street commercial projects in future said, “High streets are evolving as places where people meet, greet, and have fun as space becomes scarce. In terms of the concept’s acceptability, investors are showing an interest in it, owing to the interest of international brands in the concept. Customers prefer shopping on the high street because they have a great retail experience here. In Tier 1 and 2 towns, there is a lot of demand. Because of better connectivity via metro rail, an excellent road network, and a booming residential sector, Noida is quickly becoming the hub of high streets,”

Business World

Investment upsurge in NCR Commercial segment

Mar 2, 2021 by Neel Achary 0 Comments #Mr. Sagar Saxena, #Project Head, #Spectrum Metro

By Mr. Sagar Saxena, Project Head, Spectrum Metro

The commercial segment has been the need for economic growth and development, and will remain so in coming years as well. The time of lockdown witnessed this sector got hit badly as no commercial activity was taking place. However, this sector, including retail, is recovering faster as people get back to work to keep the wheel of fortune rolling. The sale of commercial properties during the lockdown was an indication that investors and buyers realize the crucial part this sector plays in the well-being of people and the country.

At present, the commercial segment is staring at the increased investment by the NRIs in the present situation arising out of COVID 19. The investment opportunities for the NRIs are now much more flexible because of the depreciation of the rupee. The investors with a knack to invest in real estate diverted their attention towards commercial real estate because it gives them better yield and appreciation; this is why commercial realty attracted the maximum private equity investments in the previous year, totalling nearly USD 3 billion in the first three quarters. Commercial realty includes industrial, retail, and frontier segments such as co-living, will continue to do well because of the good returns in the short and long-term.

A relatively new concept in the commercial segment, which foresees a bright future, is High Street. When everyone is inclined towards the mall concept, the high street brings with itself the old-world charm wrapped in novelty for people’s convenience. The intention is to get the concept that the people already were aware of and grew up seeing. Both high street retail and shopping malls have their utilities and set of dedicated patrons. Elevating urbanization has led to the growth of high street retail. With constraining spaces, high streets are emerging as the places where people meet, greet, and have fun. Looking at the acceptability and popularity of the concept, investors too are showing interest towards it, resulting from foreign brands’ interest in this concept. High streets are considered better than malls as they yield a better rental income and returns. Customers prefer the high street as they get a better brand and in-store experience. The demand is high in Tier 1 and 2 cities. In fact, Noida is becoming the hub of high streets because of better connectivity through metro rail, an excellent road network, and a vibrant residential market.

The segment has been performing exceedingly well riding on the innovative investment options it has come out with. One such option is the investment in pre-leased properties, which is turning out to be a popular form in Noida as the buyer is assured of a settled ROI. The property owners have the advantage of earning a pre-settled rental income and the capital gain on the property that is purchased. Today, both foreign and national investors, UHNIs and HNIs, actively invest in this asset. The most important aspect of investing in commercial property is the location assessment. The proximity to the metro and residential projects promises immense success.