Alpha One Mall, Ahmedabad — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Department Store AnchorsHypermarket TrafficNational ChainsCinema & LeisureHome & Lifestyle

Not ideal if:

Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Alpha One Mall, located in Vastrapur, Ahmedabad, adjacent to Vastrapur Lake, spans approximately 706,000 square feet of retail space within a larger 1.2 million square foot mixed-use development that includes shopping, entertainment, hospitality, serviced apartments, and a five-star hotel. Opened in October 2011, it functions as the largest urban consumption center in Gujarat and a Grade A property under Nexus Select Trust management.

The mall features three anchor tenants: HyperCity occupying 80,000 square feet in the basement, and Lifestyle and Shoppers Stop each spanning three floors at opposite ends. It hosts 210 stores with a diverse tenant mix: 65% fashion and lifestyle, 12% leisure and entertainment, 9% food and grocery, 8% home and electronics, and 6% food and beverage outlets. Brand composition includes 32% foreign brands, 64% national brands, and 4% local brands.

Occupancy stands at 98%, reflecting strong operational quality amid Ahmedabad's retail market, which reported a 13.8% vacancy rate for Grade A and B malls in Q2 2025 per Cushman and Wakefield. Footfall averages 34,000 on weekdays and 65,000 on weekends, driven by primary catchment in Ahmedabad's west, south, and north areas, and secondary from Gandhinagar, Nadiad, Mehsana, Sarkhej, and Vadodara.

Accessibility is enhanced by proximity to S.G. Highway and public transport, with parking for 1,200 cars and 2,000 two-wheelers.

Rent levels in Ahmedabad malls remain stable at 100-200 INR per square foot per month, with minimal escalations.

Leasing advantages include high visibility in a growing economy, but potential drawbacks involve competition from nearby malls like Iscon Mega Mall and recent market softening with 63% year-over-year leasing decline. The property benefits from Ahmedabad's demographic profile of affluent middle-class families and young professionals, supporting retail performance, though aging infrastructure in older sections and category saturation in fashion could pose risks.

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Hours of Operation

Hours

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Monday	10:00 AM — 09:30 PM
Tuesday	10:00 AM — 09:30 PM
Wednesday	10:00 AM — 09:30 PM
Thursday	10:00 AM — 09:30 PM
Friday	10:00 AM — 09:30 PM
Saturday	10:00 AM — 09:30 PM
Sunday	10:00 AM — 09:30 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

261, Sarkari Vasahat Road, Ahmedabad, India

Insights

Footfall and Occupancy

Alpha One Mall records average weekday footfall of 34,000 visitors and weekend footfall of 65,000, contributing to robust retail traffic in Ahmedabad's competitive landscape. High occupancy at 98% indicates strong tenant retention and operational efficiency, outperforming the city-wide mall vacancy rate of 13.8% in Q2 2025. This metric underscores the mall's appeal to mid-to-upper income shoppers, facilitated by its central location and mixed-use amenities, though seasonal variations and economic slowdowns may impact consistency.

Tenant Mix and Demographics

The tenant mix emphasizes fashion and lifestyle at 65%, complemented by entertainment (12%) and food options (15% combined), catering to families and young adults in Ahmedabad's primary catchment of west, south, and north zones. Demographics feature a growing population of middle-class professionals aged 25-45 with household incomes above INR 10 lakh annually, drawn from nearby residential areas like Vastrapur and Satellite. Secondary catchment extends to surrounding cities, enhancing diversity, but over-reliance on fashion categories risks underperformance if consumer spending shifts toward essentials amid inflation pressures.

Market Position and Lease Terms

As Ahmedabad's premier mixed-use center, Alpha One holds a leading position with 0.9 million square feet leasable area, benefiting from stable rents of 100-200 INR per square foot monthly and low vacancy. Lease terms typically include 5-9 year commitments with 10-15% escalations every 3 years, offering retailers visibility and footfall synergies. However, competition from 3.22 million square feet of mall supply in the city, including Iscon and Palladium, coupled with Q2 2025's 63% leasing drop, presents risks of negotiation challenges and market saturation in high streets adjacent to S.G. Highway.