Moneycontrol PRO
HomeNewsBusinessReal EstateDMart leases 43,000 sq ft retail space in Gurgaon

DMart leases 43,000 sq ft retail space in Gurgaon

The store is expected to open in January 2022; This is the company's second store in Haryana

November 26, 2021 / 18:54 IST
D-Mart’s financial track record has been outstanding.

D-Mart’s financial track record has been outstanding.

One-stop supermarket chain DMart has leased 43,000 sq ft from Gurgaon-based Spaze Group, the company said.

The space in Gurgaon has been taken up in the project Spaze Edge located in Sector 47, Sohna Road, Gurgaon. The store is expected to open from January 26, 2022. This is the retail chain’s second store in Haryana, Spaze Group said in a statement.

In September, DMart forayed into Haryana with the opening of a store at BPTP Parklands, Faridabad. Built on a plot size of 1.57 acre, the store in Sector 75 comprises three floors — basement, ground, and first floor — with a total built-up area of approximately 94,000 sq. ft. This was the second DMart store in the National Capital Region. The first one is in Ghaziabad.

From its first store in Powai in 2002, D’Mart today has a well-established presence in 238 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

Spaze Edge in Gurgaon is divided into two blocks and is spread across an area of 3,50,000 sq ft.

Strategically located along the six-lane Gurugram-Sohna Expressway, the project has scalability options ranging from 1000 to 1,50,000 sq ft and more. The project also boasts of multi-level business parking.

Avenue Supermarts Ltd runs DMart stores. The retailer stocks home utility products including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances, and more - available at competitive prices that customers appreciate.

Earlier, Radhakishan Damani’s company Avenue Supermarts had bought retail space worth around Rs 100 crore from Mumbai-based real estate developer Sunteck Realty at its upcoming project Sunteck City in Goregaon suburb of Mumbai. Dmart had bought around 40,000 sq ft spread across three floors in the under-construction 18-storey commercial tower being constructed by the developer as part of its larger layout Oshiwara District Center (ODC).

Moneycontrol News
first published: Nov 26, 2021 06:54 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347