Tag: Malls

“Space City” near Bangalore

Photo by Justin A. Wilcox On last Sunday, Marib Holdings LLC, an Abu Dhabi-based company announced that they plan to build a “space city” in Chikkaballapur district. This district is approximately 90 km from Bangalore. The company would invest an amount of Rs.18,400 cr. ($4 billion) in the project. On Saturday, this project got its […]

Slowdown in Retail Rental

The real estate consultants Knight Frank India said that apart from some localities of Delhi and Mumbai, the retail rentals in other locations will be sluggish for next two years. Although the number of malls and shop space has tremendously increased, the retail still lags behind commercial and residential property. “Although the outlook looks interesting, […]

Malls under construction, developers pray Delhi-like culture sweeps region too

Even as two recently-opened multiplexes fell considerably short of footfalls, as many as 16 new malls and such complexes will hit the tricity in a year’s time. Against much anticipation among the residents and the developers at the time of the launch, Uppal’s Centra Mall in the Industrial Area and DT Mall at IT Park […]

Phoenix Mills to purchasing Rs 8 bn land

Phoenix Mills is in the final stage of acquiring three thirty acre plots in Ahmedabad, Hyderabad and Nashik for around eight billion rupees. The company plans to develop malls and entertainment zones on these lands. It is learnt that the deal is likely to be sealed in the next few weeks. The Mumbai-based real estate […]