Ambedkar road a new shopping area

Ambedkar road a new shopping areaBelgaum city has grown(and is growing) and in the recent past business activity has spread to many suburban areas as well.The best example of this growth is the JNMC and Nehru Nagar. To add to this growth in the past one year Dr.Ambedkar Road(civil Hospital road) has seen some up springing of high end branded garment outlets on the entire stretch of the road and is seeing some great growth in commercial development.You can find exclusive showrooms of Killer,Pepe,Levis, United colors of Benneton, Reebok, Puma, Mega Mart. John Players is also opening shop soon. We also have F square which recently opened on the same road. The entire stretch upto Krishnadevraya circle(Kolhapur cross) is seeing a faceoff with these branded showrooms. Earlier the branded showrooms (especially textiles) were situated in main business market like Ramdev Galli, Khade Bazar areas. But with growth and people having more money to spend these high end branded outlets have opened shops in a area once considered not good for business with a Civil hospital on one side.But things have changed the BIMS is on the same road which has given the road a new look and feel altogether. CCD was opened here first and people said who will buy a Rs.40 coffee, but it is doing good for years now. If we further go up towards JNMC the entire stretch, one can see MORE, Reliance fresh, Rose boy, Adishwars and so many hotels. The Phoneix school from here has been shifted and sources say the the place would be a big mall in the days to come.
The Estimated Demand for Retail Space @ 2 sq. ft. per Person is about 1,209,526. There is an estimated 350,000 sq.Feet of retial commercial space currently but with the current growth of population the Effective Demand for Retail Space (in sq. ft.) would be a whopping 859,526 sq.Feet.(All these were estimated in 2008)A Bangalore based company in its estimated the indicative rentals on Ambedkar Road to be around Rs. 40 to 60 per sq.feet. Areas like Tilakwadi, Ambedkar road and especially high branded showrooms have opened in outskirts as the consumers of these brands will want to have parking for their 4 wheelers which is now a big headache in the main city. So people prefer these places.