A company official mentions that RIL will use the land Mukesh Ambani won in a Delhi Development Authority bid for around Rs.400 crore in 2007 to construct its 720,000 sq ft commercial complex at Alaknanda. It will use two- fifth of the retailing space to house brands owned by Reliance Retail (a subsidiary arm of RIL). It will have three basement levels along with parking space sufficient to accommodate more than 1000 cars and 700 two wheelers and ground level along with five storeys. The company will infuse capital in the range of 200 to 250 crore for construction and is projected to be executed by the end of 2014.
Reliance Industries Limited (RIL)
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