Omaxe Rents Approximately 100000 Square Feet on Faridabad World Street

Omaxe continues to strengthen its position with the launch of its flagship high street project, World Street, in Sector 79, Faridabad. With the addition of new brands, World Street is on a growth trajectory, having leased over one lakh square feet in the first 11 months of fiscal year 2022, totaling 1.14 lakh square feet.

Numerous local, national, and worldwide businesses have built shops in this famous project, ranging from fashion, footwear, and consumer electronics to restaurants and entertainment zones. With over 250 operating shops, one would be enticed to explore the diverse selection of brands accessible under one roof at World Street.

"The presence of several national and international brands indicates the rising interest of occupiers and customers," said Jatin Goel, director of Omaxe. Faridabad is growing popularity with corporates and enterprises, and we will work to develop a diverse and enriching shopping experience that will help to further establish World Street's importance among them."

At World Street, brands such as Red Tape, Super 99, The Old Delhi, NumerUno, Subway, Bistro 57, BULL RIDE (entertainment zone), and Theobroma have already opened their doors.

Its architecture and ambience are influenced by London, Hong Kong, Portugal, Athens, and Amsterdam, which are all world-renowned retail locations.

The retail industry has made a strong recovery after the collapse of Covid. According to an industry assessment, absorption in Grade A malls and high streets would treble to 3.2 million square feet in 2021, up from 1.5 million square feet in 2020. In Q4 2021, rental activity increased by about 250 percent year over year across Grade A malls and high streets.

Omaxe is presently developing 23 real estate projects, including four group housing developments, 14 townships, and five commercial malls/office spaces/hotels/SCOs.