Huma Qureshi Inaugurates Darwin Platform Groups's First Store "DP Retail"

Mumbai, Maharashtra,

•  DP Retail plans to have a pan-India presence with 50 lakh square foot space in the next few years  

Given the rising consumerism in Metros like Mumbai, DP Retail, a subsidiary of Darwin Platform Group of Companies (DPGC) today formally announced its entry into retail space with the launch of its first megastore at DN Nagar, Andheri West Mumbai. At the launch ceremony, famous Bollywood actress Ms. Huma Qureshi inaugurated DP Retail’s first store. The company would be opening other self-owned exclusive stores at Bhandup, Goregaon, Jogeshwari, Sion, and Worli soon. The launch signifies the DPGC’s ambitious plan to leverage the potential of Indian Retail Space which is one of the most dynamic and fast-paced sectors with double-digit annual growth and it accounts for over 10 per cent of the country’s gross domestic product (GDP) and around eight per cent of the employment. 

With 2,500 square feet, DP Retail’s first self-owned store at Andheri boasts of an optimal mix of national, regional, local and private label quality brands at competitive and concessional rates with loyalty and promotional schemes. DP Retail plans to have a pan-India presence with 50 lakh square foot space in the next few years.  

Inaugurating the DP Retail Store, Ms. Huma Qureshi said, “It is an honour for me to open the DPGC’s first megastore in Mumbai which India offers huge potential in the retail space. The store will give a new age experience to shoppers. I am sure DP Retail would be leveraging its strong network to source quality products from micro and small industries. The company’s business model is perfectly aligned with ‘Make in India’ and ‘Vocal for Local’ campaigns.” 

DP Retail plans to invest Rs. 1,000 crore in FY 21 to reach out to other Indian cities. It has also allocated Rs. 100 crore towards market penetration across the omnichannel retail business including an innovative franchise model. 

Talking to reporters after the launch ceremony, Raja Roy Choudhury, Group CEO, DPGC said, “India is the world’s fifth-largest global destination in the retail space. With DP Retail, we would be leveraging our countrywide network to cater to the rising consumers’ demand. The first self-owned exclusive megastore of DP Retail, opened today, is spread over 2500 square feet. Other five stores in the city would be spread over 500-600 square feet. Overall, we are aiming at 50 lakh square feet space across the country in the next few years.” 

“We have recently launched Mega Employment Program to provide job opportunities to youth and DP Retail would be offering jobs to nearly 1.25 lakh people in the next one or two years. We have an ambitious plan to provide jobs to 40 lakh people and DP Retail would have lion’s share in this,” he added.  

DP Retail, through its robust procurement policy, would encourage and empower local growers, traders, manufacturers, and skills to increase their sphere of influence and get the best price for their products and services. This policy would act as a catalyst to promote vocal for local and thereby giving a push to Atmanirbhar Bharat Mission. DPGC’s history of winning over customers by heavy discounts during the initial stage is likely to work in its favour.  

According to the industry estimates, in 2021 conventional retail would continue to dominate with over 75 per cent share in the organised segment. DP Retail would leverage this strength of the segment. 

The Indian retail sector would continue to witness over 10% Compound Annual Growth Rate (CAGR) in the period 2016-21. The sector plays a pivotal role in the growth story of the Indian economy through significant contribution towards the national GDP, attracting significant domestic as well as foreign investments and technologies, and generating vast employment opportunities. It is projected that by 2021, traditional retail will hold a major share of 75%, organized retail share will reach 18% and E-commerce retail share will reach 7% of the total retail market. According to a FICCI - Deloitte Report on the Retail sector, Consumer retail is expected to reach a size of INR 85 trillion by 2021. Leveraging its strengths and potentials of the Indian consumer retail. 

DP Retail would leverage its PAN India presence with food, health, wellness, and other products (except fashion items). It would also focus on Indian traditional products and values. Hence, a customer in Mumbai can have ethnic food items from any part of the country. All brands of dry fruit, food items, and other localised products will be available at its stores. 

About DPGC

Established in 1996, the DPGC’s net worth is USD 6.4 billion and it has 25 associates companies. Over the years, the Group has made rapid progress in several sectors with its other associate companies which include Darwin Platform Capital, Darwin Platform Holding, and Darwin Platform Infrastructure. Apart from these the Group, through its subsidiaries and associate companies, also operates in Banking, Healthcare, Aviation, Realty, Energy, Mass Media, and IT Sectors. The Group has now entered into the Retail and Defense Production Sectors with an innovative business model. Innovations would be inherent in its quality, pricing, accessibility, marketing, sourcing, merchandising, and other areas of operations. The country’s biggest employment scheme aims to build a strong nation with employment generation and wealth creation. To begin with, DPGC would take all its 1.25 lakh business associates across India on its payroll with a monthly salary of Rupees 15000 - 20,000. The Group targets to provide 1.25 lakh employment or income generation opportunities in each state (total 28) and Union Territories such as Delhi and Chandigarh. 

Core Mall Ghaziabad Set to Emerge as Epicenter of Modern Retail Activities

 

Distinguished by an All-Glass Façade structure, Core Mall with European Concept is coming up at a strategic location in Ghaziabad in close proximity to Noida and Delhi. A See-Through Mall first time in India, it encompasses best of retail, office spaces, entertainment, multiplexes, food courts and open-air restaurants

New Delhi, Delhi, India

Personifying luxury and elegance, Core Mall Ghaziabad located right opposite Crossing Republik, is coming up as one stop shopping and entertainment destination for the upwardly mobile population that expects the best-in-class shopping experience for themselves. Launched by Concept Capital, one of the most powerful brands in the real estate sector, Core Mall is set to become a cynosure of modern retail activities with its unique offerings and the never seen before glass architecture. 

First time in India, this See-Through Mall with European concept, distinguished by all-glass façade structure encompasses the best of retail, office spaces, entertainment, multiplexes, food courts and open-air restaurants. It has already become most desirable for the seekers of ultra-modern shopping destination by the upwardly mobile youth and connoisseurs of contemporary lifestyle. 

Mr. Suninder Sandha, Managing Director, Concept Capital Infra Projects (Concept Capital) said, “At Core Mall Ghaziabad, we are dedicated to delivering a high-quality shopping and entertainment hub with a host of luxurious amenities matching to European standards. Its strategic location at the immediate catchment of more than 5 lakh population of Crossing Republik, besides the availability of world-class brands in a nutshell makes it a most viable investment option with a sure-shot promise of enormous returns for discerning investors.” 

Located right opposite Crossing Republic, a 130 acre township, the Core Mall is just 10 minutes away from Sector-62, the Business Hub of Noida, while it’s conveniently connected to Noida City Centre Metro station at a distance of just 15 minutes. The truly excellent location of Core Mall equally attracts the visitors coming from Delhi, Ghaziabad and Noida and so heavy footfall is guaranteed. 

Apart from retail stores and multiplexes, Core Mall also boasts of carefully handpicked dining options, local and foreign fashion concept stores, a skywalk connecting the mall and the office building altogether offering the visitors a unique experience. It has been planned in a way that it’s a perfect commercial mix in the midst of a well-settled location with retail, entertainment, office spaces, multiplex, food court and restaurant with a patio. Due to these attractive propositions, Core Mall has already achieved the distinction of the beating heart of Ghaziabad where a whole new world of modern retail and entertainment is waiting for you.     

About Concept Capital

Concept Capital Infra Projects (Concept Capital), one of the most powerful brands in the real estate sector is committed to developing and delivering innovative projects successfully for the customers and the investors while maximizing their investment. As a leading real estate developer committed to highest standards of quality and transparency, Concept Capital aims at building ‘value’ for its customers on a foundation of trust. Concept Capital is set to achieve a milestone in the new age realty by constantly developing unique ventures - as a monument to the customer’s achievement, dreams and values. Apart from construction, sales/purchase and leasing, Concept Capital also excels in property management, turn-key projects such as hotels, malls and housing societies.