It is located in Seawoods district of Navi Mumbai, the mall has a bit of everything. The mall has a full-service supermarket, a cinema-hall, several restaurants and bars, a fitness club, & a slew of shops ranging from luxury to mass market.
In addition to the requisite stores, the mall has something of a social halo. The mall is owned by Blackstone, a reputable player in the retail real estate arena. The company has a large footprint in the country, with 2.8 million square feet of space in 20 retail properties spread across thirteen cities. The company has also acquired three malls that are currently operating. The company has a small executive team overseeing the mall’s operational functions. The company has also purchased half of the Westend Mall in Pune, the mall whose name is synonymous with retail.
Besides the mall, Blackstone also owns the largest portfolio of office parks in India. This has prompted the company to make a splash with its newest entrant, the Nexus Group of Malls, which will own the country’s largest collection of shopping centers. Known 4 its attention to detail, the company has plans to build a series of world-class malls in the coming years. The company will use the latest technology to bring its shopping centers to life. As the retail market heats up, the company lays the groundwork for growth. Among these its plans is to build a nifty new mall at the site of the old mall. It is a bold move on the company’s part, which hopes to reclaim its former throne by the end of this year. The company also hopes to acquire several more malls in the future. Moreover, it is a good time to be in the Indian mall business.
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