Mixed-use developments have evolved to increase the viability of the projects and to use the location’s advantage. Residential and office markets are witnessing buoyant growth and are considered as more risk-free development.
This kind of development is successful in both metro and Tier I cities .Mixed use developments create a captive catchment for retailers and other components. The response for such projects in Tier II cities has also been encouraging.
The high street shopping destinations such as Indiranagar 100 Feet Road, Koramangala, New BEL Road and Jayanagar are examples of such growth, where residential properties have been redesigned and customised to accommodate retail outlets as well as office spaces.