Phoenix Mills Ltd is poised to carve a niche in the booming Indian real estate sector. Led by a young Managing Director, Atul Ruia and a team of professionals, the Phoenix Group is set to take on the challenge of redefining life style in Indian cities. Be it mega retail malls, entertainment complexes, commercial space or hospitality units, the Group are determined to make its presence felt in India.
The Group has been a pioneer in converting mill land into modern, multi-use integrated property. High Street Phoenix was the first consumption center developed in India. The complex has been developed on 1.5 million square feet of space and houses retail and entertainment, commercial and residential complexes.
It has today become the model for development of shopping and entertainment hubs across the country. Its operations span most aspects of real estate development; from planning, execution and marketing of projects, to management, maintenance and sales of the completed development.
The Group plans to foray into developing real estate in eight cities measuring a total of 214 lakh square feet. These include Mumbai, Bangalore, Chennai, Pune, Raipur, Agra and Indore.
The plan includes retail units, entertainment complexes, commercial units, hotels, parking and residential complexes.
ET 491/500 2014
SR Rs. 1,496 cr.