: Real Estate Development company, converting its land bank into commercial properties like supermarkets.
: One of the best places stocks in the sector, despite challenges like hike in interest rates and delay in FDI in retail trade.
: Mr.Arul Ruia, MD Phoenix Mills, claims the response is extraordinary to their projects.
: Recently opened Phoenix Market City @ Kurla, Mumbai on Mukund Mills Plot which the company bought in 2006. Spread over 2.5 million sq ft, it is largest mall in India.
: Lat 4 months, PMC opened 3.5 million sq ft : June'11:Pune, Oct'11: Bangalore, Nov'11: Mumbai
: PMC in chennai by March-April 2011
Features of PMC, Kurla, Mumbai:
> 300+ stores in it
> 40000 sq ft open air courtyard
> 8 screen multiplex
> 16 lane bowling
> 50 F&B outlet
> 2500 car park
PC is largely a self funded project with an investment of Rs.1130 Crores.
1st Phase of 900000 is partly funded by debt (Rs.575 Cr) and equity of 310 Cr.
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