During Ramadan, shopping festivals are held across Pakistan, where a wide range of items, including electronic appliances, fashion accessories, prêt homeware and groceries are available at discounted rates. These events attract a high footfall and their ROI ranges between 50 and 60%.
If you are looking for a value to organize a Ramadan shopping festival, consider the following options:
Outdoor venues
These are primarily restricted to vacant plots which range between 2,000 and 3,000 square yards; other popular venues include lawns on the premises of private clubs.
Utilities such as electricity and water are not included in the rent.
Tenants usually have to pay in advance at the time of booking; this usually amounts to 50% of the total rent. A security deposit is usually not required.
Rentals range between Rs 3,500 and 6,000 per day.
Indoor venues
These include exhibition spaces and marquees in hotels and malls; their rental rates are 20 to 35% higher than vacant plots.
Amenities such as round-the-clock security, furniture, air-conditioning, electricity and parking space are included in the rent.
Venue sizes range between 600 and 1,000 square feet.
A security deposit amounting to nearly 10% of the rent is required at the time of booking the space.
Rentals range between Rs 30,000 and 40,000 per day.
FM
It’s Ramazan in Urdu not Ramadan.