Phoenix Mills’ wholly owned subsidiary---Mindstone Mall Developers has acquired approximately 7.48 acres of prime land in Alipore, Kolkata for a total consideration of Rs 3,000 million. The land parcel is strategically located on Diamond Harbour Road, Alipore, Kolkata. The land parcel has development potential of approximately 1.00 msf with the first phase of the development expected to be operational during FY25 subject to local and municipal approvals.
Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.
