New Delhi: Parsvnath Developers Limited (PDL) has unveiled plans of developing a new luxury mall complex in the heart of Delhi at Connaught Place.
The company has acquired a plot on 27, Kasturba Gandhi Marg through a recently formed subsidiary “Primetime Realtors Pvt. Ltd.” where it is proposing to build luxury shopping and state-of-the-art offices. The development activity would start immediately after obtaining all necessary approvals.
The mall will offer a mix of fashion, lifestyle and entertainment while showcasing international and Indian luxury brands, across categories like apparel, jewellery, accessories, home and electronics.
Pradeep Jain, chairman, PDl said, “It is a privilege to be part of the landscape at the historic Connaught Place. We hope to create a landmark not just in terms of what the mall will offer but also in the way it will look with a distinctive design and architecture.”
An approximate investment of Rs300 crore has been estimated for the project.