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Mall Based Restaurants Fail In High Numbers While Mall Owners And Honchos Indulge In Blame GameBy Sanjay Sharma, Section Good Eating Places Around?
It was supposed to be the Capital’s next big eating-out destination. But Gurgaon’s restaurant dream has gone sour, literally. As one restaurant after another shuts shop in the suburb’s mega malls, all owners are left with is a bitter aftertaste.
It is alleged that a promised multiplex at Sahara mall never came up. “I opened the restaurant banking on the multiplex,” says P.S. Malhotra of Crave. Sagar Ratna’s Kuldeep Gupta complains:
Says Sayeed Sherwani of Rodeo (MGF): “Rents are charged on super area, not carpet area.” Which means restaurants pay rents not only for the area they occupy, but also for corridor space and the atrium. “Besides, maintenance charges increase every six months,” adds Sherwani who also owns CP’s popular Rodeo. Restaurateurs say that rents are steep (roughly Rs 17/sq ft for a 2nd floor space; more for ground floor, front-facing spaces). Also, fewer people are now travelling to Gurgaon for pleasure. “With malls coming up in the city, footfalls have decreased,” says Joydeep Ghose, operations manager of the now-defunct Magnet (MGF). “We couldn’t survive only on call centre parties.” Also, traffic is so bad on Mehrauli-Gurgaon road — especially the mall mile — that few Delhiites prefer to travel there for dinner. “And Gurgaon’s population isn’t enough. Hundreds of houses are still lying vacant,” says Sarid.
From The Hindustan Times - March 09, 2005 - by Nishiraj A. Baruah
http://www.hindustantimes.com/news/181_1272288,001100020009.htm
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