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More shopping malls lined up in Gujarat

07
Sep '06
Bright and attractive retail market of Gujarat, especially in cities like Ahmedabad, Vadodara and Surat, lures more companies to build shopping malls in the state, said Manish Kalani, Managing Director of Entertainment World Developers.

The developer, a part of Kalani Group is scheduled to penetrate Gujarat by creating a shopping mall-cum-multiplex at Vadodara and later on plans to do the same at Ahmedabad and Surat.

Multiplex will be built on 3, 50,000 sq ft of land near the Sayaji Rao University and will have parking arrangement as well.

The project to be completed by 2008 and costing Rs58 crore, is part of the company's plan to open ten similar malls around the country including Indore, Raipur, Udaipur, Chandigarh, Jabalpur and Ujjain.

The above plans will be executed in two or three phases and will be completed by 2011 with an estimated investment of Rs 1,400 crore.

The company is going to pay special attention to its home base Indore where it intends to build three malls with one of them expected to coat a whopping Rs174 crore, covering an area of one million square feet land.


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