Reasons for the shopping mall developmentįirst large scale shopping mall in ColomboĪccording to Global Property Guide (2012) the average income of the Sri Lankans was increased due to increased employment in IT – BPO sectors. Nowadays a modern shopping mall provides the vast range of entertainment for the consumer such as restaurants and cinemas (NCSC, 2009). These shopping malls not only containing shops but also providing other important services such as bank and libraries.
#Shopping mall project full
Shopping malls full fill this requirement of the consumer. In the modern world a consumer expecting best service within a short time and under one shelter. However The shopping mall construction is identified as the most suitable development for the proposed site.Īccording to Finn and Louviere (1996) shopping malls are playing key role in modern retailing and marketing system, furthermore they still dominate the distribution system of goods. The five star hotel, the shopping mall and the residential apartment projects are proposing for the new development. The Moreland property group went through lots of project proposals and has selected the most suitable one after the elaborated analyses. Therefore the company has chosen that particular land to develop a suitable project in order to make reasonable profit. This proposed site is located in an attractive and valuable location, hence the market value of the project will increase significantly. The company plans to develop a property on the site which is located No 2, Galle Road, Colombo 3. The Moreland property group is the leading property developers in Sri Lanka since 1990.
Importance Of The Shopping Mall Construction Essay Introduction