Shopping Mall, Chennai.

Details

THE OFFERING

The Mall part is being developed on 4 acres Un Divided Share (UDS) out of 6.21 acres of land parcel and location of the subject site is in Close proximity to SIPCOT IT Park and has an excellent frontage along the main road.

The total leasable area is approximately 5.38 lakhs sq ft with an estimated average minimum guarantee lease rent of INR 80 Per sq ft pm. This is excluding revenue share income, car park charges, advertisement income & CAM margin (other income).

The mall commenced on March 2019. All anchor tenants like INOX, Lifestyle, SPAR, Pantaloons, Reliance Trends, Project Eve, Toys R Us & Max Fashions is already operational. The Projected annual lease revenue (excluding other income) of the mall upon completion and occupation will be around INR 62 Cr.

Key highlights

• 3 level basement parking space for 1,000 cars and 1,100 two wheelers.
• Well located central atrium to enhance visibility for all stores with easy circulation patterns.
• Ramps and travellators providing direct access from the lower ground and ground floors the the car parks.