Tag Archives: malls

Newsbeat

Hyderabad Malls: Security Lapses Put Visitors at Risk

Hyderabad Malls, Eateries Ignoring Security Guidelines, Leaving Visitors Vulnerable

Despite established guidelines and a recent incident in another city, many popular establishments in Hyderabad are failing to implement proper security measures, putting visitors at risk.

The recent bomb blast at a Bengaluru eatery serves as a stark reminder of the importance of security, yet numerous malls, multiplexes, and eateries in Hyderabad appear to be disregarding established safety protocols.

A closer look at popular spots reveals concerning oversights:

Tolichowki’s Yusuf Tekri: This bustling street with numerous eateries lacks basic measures like walk-through metal detectors or security personnel using handheld devices, despite the heavy evening footfall.
DLF stretch at Madhapur and Durgam Cheruvu: These crowded areas also lack security measures beyond occasional police patrols. The functionality of surveillance cameras remains unclear.
Old City hotels: While these establishments have cameras, they lack physical access control, allowing individuals with potentially malicious intent to enter freely.
The Telangana Public Safety (Measures) Enforcement Act – 2013 mandates physical and technical access control for such establishments. While police can take action against violators, a former officer highlights the current focus on surveillance over preventative measures.

A senior police official has assured that local authorities will address the security concerns and take appropriate action.

Newsbeat

Hyderabad retail space absorption soars 145% YoY

Hyderabad: Retail space absorption in Hyderabad witnessed a record growth of 145% year-on-year (YoY) to 0.49 million square feet in the first nine months of 2023, compared to 0.20 million square feet in the same period in 2022. This is according to a report released by CBRE South Asia Pvt Ltd.

The city accounted for a 10% share in leasing across top eight cities during the January-September 2023 period, primarily dominated by fashion and apparel brands.

The report also highlights that during the July-September 2023 quarter, total leasing in the city stood at 0.26 million square feet, compared to 0.09 million square feet in July-September 2022, witnessing a substantial YoY growth of 189%.

During the nine-month period (January-September’23), fashion and apparel sector’s share in leasing stood at 34%, home and department stores at 17%, and food and beverage at 13%.

The chairman and CEO of CBRE for India, South-East Asia, the Middle East, and Africa, Anshuman Magazine, commented on the report, saying, “Retailers are keen on revamping the in-store experiences with cutting-edge technology, personalised services, and space optimisation. The retail industry is about to undergo a profound shift.”

The strong growth in retail space absorption in Hyderabad can be attributed to a number of factors, including:

  • The city’s growing population and rising disposable incomes
  • The increasing presence of national and international retailers
  • The development of new shopping malls and retail complexes
  • The increasing popularity of online shopping, which has led to a demand for omnichannel retail experiences

The report also notes that the retail sector in Hyderabad is expected to continue to grow in the coming years, driven by the factors mentioned above. This growth is likely to be further boosted by the government’s initiatives to promote economic development in the city, such as the Hyderabad Pharma City and the Telangana Aerospace and Defence Park.