Kshitji to build shopping mall at kozhikode & kochi
"Kshitij Venture Capital Fund with its joint venture partners, Mr Atul Ruia and Sharyans Resources, is planning to develop a two million sq ft mall there in another two to three years. It will be a retail-lead mixed-use development. It may also have a hotel," Mr Agarwal said.
Asked whether Pantaloon proposes to occupy the retail space in the proposed mall, he said, "Nothing has been finalised on that front as yet."
Kshitij Investment Advisory Co Ltd (formerly known as PFH Investment Advisory), is planning to set up 51 malls across the country, spanning 14.5 million sq ft.
Also on the cards is the floating of a specialised mall management company, for which Kshitij Investment Advisory Co is reported to be in talks with a few international players in mall management for a partnership deal. Branded Kshitij Retail Destinations, these malls would come up not only in the four metros and Bangalore, Hyderabad and Pune, but also in tier-II towns such as Coimbatore, Madurai, Vijaywada, Rajahmundry, Kozhikode, Kochi and Hubli.
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