Plaza Centers to open six new malls pan-India

Plaza Centers to open six new malls pan-India

Mumbai:Plaza Centers India, shopping and entertainment centers developer, will set up six new malls pan-India at an investment of Rs3,000 crore over the next five-years, a senior company official said.

“We will open six malls in Chennai, Bangalore, Kochi and Pune at an investment of Rs3,000 crore by 2014 and work will start from early 2011," Plaza Centers’ director (marketing) for India, Shashank Pathak, told PTI here.

The company on Thursday unveiled the scale model of its first mall, Koregaon Park Plaza, in Pune.

The Koregaon Park Plaza at an investment of almost Rs500 crore will be a completely functional mall catering to local flavour with international standards, he said.

The mall will be a landmark designed on 4,00,000 square feet with an infrastructure that allows maximum light and air circulation, he said.

Plaza Centers has also formed a strategic alliance with PVR Cinemas as its multiplex partner which will mark PVRs foray in Pune.

PVR is a leading multiplex brand and through this alliance we will receive maximum footfalls Pathak said.