Blog Summary
Over the past years, the wholesale market has only been experiencing growth. As long as there is demand for goods and services, there is demand for wholesaling. This blog will outline what a wholesale business is and discuss in detail the Market of India, the best wholesale market in chennai for all your needs.
Introduction To Wholesale Business
Are you looking for a suitable wholesale market in Chennai? You have landed on the right article. Wholesaling has always been popular as it is wholesalers who distribute goods to retailers for them to sell to the end-users. Before we move on to discuss the best wholesale market in Chennai, let us talk a little bit about the wholesale business.
Wholesaling is a very popular business vertical that involves producing or purchasing goods and selling them to retailers and industrialists, who, in turn, sell them to the end-users or customers. To put it in simpler terms, wholesalers are basically suppliers to retail businesses that sell products to customers. They only deal with ‘Business to Business’ (B2B) marketing.
Wholesalers buy and redistribute their products to retailers in bulk quantities, and therefore, their production, as well as their distribution, happens in large quantities. Wholesalers depend on local economic activity and usually do not deal directly with customers. However, customers looking to buy products in bulk sometimes do tend to approach wholesalers to shop from them directly. This is because wholesalers sell goods in bulk at cheaper rates than retailers. In contrast, retailers need to take into consideration the cost they incur for middlemen, transportation of goods, and other miscellaneous labour while pricing their products. They also consider the fact that they sell to customers in smaller quantities compared to wholesalers, who sell in bulk. This is how retailers can see some profit from their retail business. Now, does it make sense as to why it is always marginally cheaper when you buy from wholesalers? Quantity and other expenses involved are the reasons!
Wholesalers are everywhere today, and it is not difficult to find a wholesale market in Chennai. In fact, Chennai is home to one of the best wholesale markets – Market of India. It is the country’s largest retail and wholesale market in Chennai.
This blog will discuss Market of India in detail and why it is the best wholesale market in Chennai. If you are a wholesaler in the city or India, you must consider buying a shop in Market of India, the best wholesale market in Chennai.
Market of India – Best Wholesale Market in India For All Your Needs
Market of India – Best Wholesale Market in Chennai For All Your Needs
Market of India, India’s largest wholesale and retail market is easily the best wholesale market in Chennai. Centrally located in the heart of Chennai within SPR City, Market of India is a first-of-its-kind centralized marketplace that brings together 9 most significant trade hubs from around the city, including Koyambedu, Parry’s, Sowcarpet, Ritchie Street, Mint Street, Park Town Market, NSC Bose Road Market, and more.
Market of India is a commercial hub, emerging as a landmark for marketplaces across the country. Being an organised retail and wholesale marketplace in Chennai, it acts as an extension of the above-mentioned trade hubs of the city. It offers an array of amenities and global-level facilities that ensures that trading activities are carried out smoothly.
Being India’s largest wholesale and retail market, Market of India offers a wide range of commercial spaces for sale in Chennai within the complex. Spread across a built-up area of a whopping 54,00,00 sq. ft. Market of India offers wholesale shops, retail spaces, offices, and other commercial spaces for sale in Chennai that come with an array of state-of-the-art amenities that make for the smooth functioning of businesses. This is one of the reasons why Market of India is the best wholesale market in Chennai.
Market of India is also situated in one of the city’s hottest areas! Located within SPR City, which is just 3 kilometres away from the Sowcarpet market, it is also just a few kilometres away from Chennai’s harbour. With the city’s transportation getting more streamlined by the day, thanks to the 3 upcoming metro rail stations, connectivity to and from Market of India is a matter of sheer convenience.
Let us discuss the infrastructure of Market of India that truly makes it the largest centralized marketplace in the country.
Infrastructure That Meets Global Standards
The infrastructure of Market Of India – Best Wholesale Market in Chennai
With an unbeatable infrastructure, Market of India, India’s largest wholesale and retail market has emerged as an exceptionally organized wholesale market in Chennai. The infrastructural numbers speak for themselves when it comes to Market of India’s, which has truly revolutionalized trade processes in the city, making it seamless and successfully establishing a connection between traders and customers, both locally and globally.
Here’s what makes up the mind-blowing infrastructure of Market of India:
1. 54,00,000 sq. ft. of built-up area: Market of India is constructed across a whopping area of 54,00,000 sq. ft. and is home to a wide range of commercial spaces and global amenities and facilities that make trading within the marketplace seamless.
2. 30,000 sq. ft. Atrium: Market of India is the best wholesale market in Chennai, with a total of 7 atriums spread across 60,000 sq. ft. These atriums will house the 9 markets around Chennai city to facilitate smooth trade processes.
3. 1,00,000 sq. ft. of Central Plaza: Just the Central Plaza in Market of India, India’s largest wholesale and retail market is 1,00,000 sq. ft. big! (PS: Social distancing is never a concern!) This facilitates free movement across the different parts of Market of India.
4. 18 kilometres of trade corridors: This adds to the reasons why Market of India truly stands out from other trade zones – the marketplace’s trade corridors alone are 18 kilometres long. These corridors provide enough space to smoothly carry out their trade activities, making it an exceptional wholesale market in Chennai.
5. 5,000+ shops and commercial spaces: Market of India is home to over 5,000 shops and commercial spaces. This is why it is the best wholesale market in Chennai. Run your business among the best enterprises in your industry and be seen as an established enterprise yourself!
6. Shops between 180 – 60,000 sq. ft.: Choose an ideal shop from the wide range of shops available in Market of India. Shops in Market of India range from 180 sq. ft. to 60,000 sq. ft. There are shops here for all kinds of businesses, no matter their size! So, you can browse through and choose a shop that will meet your business needs.
7. Parking for 10,000 vehicles: Parking is never a problem in Market of India! The wholesale market in Chennai houses parking space for 10,000 vehicles, and what more? The parking process is extremely streamlined to avoid confusion and delays due to the same.
These are some of the impressive numbers that make for the state of the art infrastructure of the best wholesale market in Chennai. The vast space alone allows you to conduct your wholesale business without hassles. Let us look at some of the benefits that investing in this wholesale market in Chennai will bring you.
Benefits of Market of India For Wholesalers
Benefits of Market of India, Best Wholesale Market in India
Market of India is a marketplace in Chennai that opens up a plethora of growth opportunities to both retailers and wholesalers alike. But being a wholesaler dealing with goods in bulk, you can benefit greatly from Market of India’s amenities.
1. Centralises 9 markets: Market of India brings together and acts as the extension of 9 major trade hubs of the city. This opens up a wide range of opportunities to network and works with prominent businesses from across the country.
2. 40,00,000 monthly footfall expected: In an audit conducted by partnering with a well-established firm, it was estimated that a footfall of 40,00,000 can be expected every month. This is 40 lakhs potential customers for your business per month!
3. 20+ ancillaries: Market of India extends its support for your business with 20+ ancillaries, including loading and unloading bay, logistics support, concierge and travel desk, data centre, shipping offices, GST filing, legal support, and more, that would enable smooth functioning of your wholesale business activities.
4. Global outreach: Market of India, through its Chamber of Commerce, helps you reach and collaborate with the best of trade and logistics partners from around the world, helping you take your wholesale business beyond the country’s borders.
5. A digital foundation: Market of India’s comprehensive online selling platform is home to more than 1 lakh commodities, helping businesses go digital, grow their business, and increase sales via online selling.
These are some of the reasons that make Market of India the best wholesale market in Chennai. In addition to the benefits discussed above, the marketplace offers several more advantages for traders, wholesalers, and retailers alike, facilitating seamless trade activities and helping them grow their businesses by leaps and bounds. Running a business in Market of India, India’s largest wholesale and retail market also helps in building your brand, making it truly the best wholesale market in Chennai.
To invest in a shop in Market of India today, visit our website www.marketofindia.in. Shops start from Rs. 40 lakhs!
FAQs – Best Wholesale Market in Chennai
1. What is a wholesale market?
A wholesale market is a store or market that sells products in bulk at relatively low prices. Wholesalers usually sell products to retailers in large quantities, who then sell them to the public for profits.
2. Where is Chennai’s biggest wholesale market?
The biggest wholesale market in Chennai is Market of India. Market of India, located in the heart of Chennai within SPR City, is a first-of-its-kind concentrated marketplace that brings together 9 of the city’s most important commerce locations.
3. Where can I buy a shop for wholesale business in Chennai?
India’s largest wholesale and retail market, Market of India offers a diverse choice of commercial spaces for sale in Chennai. The property has a total built-up area of 54,00,00 sq. ft. In Chennai. Market of India sells wholesale shops, retail spaces, offices, and other commercial premises.
4. Which is the best wholesale market in Chennai for Packaged Food?
The best wholesale market in Chennai for packaged food is Market Of India. Market Of India comes with a variety of cutting-edge facilities that aid in the smooth operation of organizations. The Strotten Wholesale Market of India is built especially for packaged foods.
5. Which is the best place to start a wholesale business in Chennai?
The best place to start a wholesale business in Chennai is the Market of India. When it comes to Market of India’s infrastructure, the numbers speak for themselves: it has truly revolutionalized trade processes in the city, establishing a seamless and successful connection between dealers and clients, both locally and globally.
6. What are the documents required to buy wholesale shops in Chennai?
Power of attorney, property tax receipt, encumbrance certificate, occupancy certificate, and agreement to sell are just a few of the legal paperwork documents is required when purchasing a commercial shop.
7. Which is the best wholesale market in Chennai for electronics items?
Market of India is the best wholesale market in Chennai for electronic items. Inside Market of India, you will find the Ritchie Wholesale Market that sells all electronics where one can find anything with maximum ease.
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