Initiated by the Rs 2,500-crore GVK group with diversified business interests, GVK One promises to be much more than a mall, and bring the international shopping experience to the city. |
With the excavation works almost completed, the civil works at the 3-acre site will start soon. |
With a built-up area of 6 lakh sft costing around Rs 65 crore, excluding the land value which is estimated at Rs 35 crore, GVK One will have five dedicated floors for parking to accommodate 1,000 cars at any given point of time. Half the built-up area is meant for parking only. |
GVK One will have a 60,000 sft fashion department store, a 40,000 sft 6-screen Inox multiplex, and food and beverages outlets of various categories in a dedicated area of 30,000 sft, besides supermarket, hypermarket, anchors and various brand stores. |
"GVK One is integrated with facilities at par with international standards. For the discerning customer and the retailer, it spells convenience making the complex a one- stop destination. From banks and food courts to parking and lighting, every small detail has been well-planned," said a senior official of GVK group. |
"Everything has been planned keeping in mind the retailer and the shopper. The trade mix offers products from fashion and food to home needs, leisure and entertainment. It will have something for everyone. It will be more than just a mall. It will be the lifestyle destination of the city," he hoped. |
With eight high-speed escalators and 10 elevators, the mall layout is designed to address international safety and security norms. |
External lighting system will be automatically activated based on sky luminance. It will have rest rooms and lockers on every floor. |
Clear line of vision will be maintained throughout the mall, making all the levels equally vital. The large central atrium to give visibility to the stores at the upper levels. |
"What makes GVK One the most alluring business destination is its location. Road No. 1 of Banjara Hills is an entry point to many upmarket colonies of Banjara Hills and Jubilee Hills, the wealthiest catchment in the city. Three 5-Star hotels are located on the same road. All this gives GVK One its advantage," the official said. |
GVK City Private Limited, the developer of GVK One, plans to retain the ownership with no sale of space to have the professional mall management in its hands. Space will be leased out on long-term basis. |
It has engaged an international team of experts in making GVK One a reality. |
They include DP architects of Singapore for project architecture, Jones Lang Lasalle for retail planning, Bo Steiber Lighting Design of Singapore for lighting and Sqare Peg of California for signage. |