Bengaluru, May 2015
Nitesh Estates, a Bengaluru-based property developer, has acquired Koregaon Park Plaza Centre, an A-grade shopping mall spread over six acres in Pune.
With this acquisition, Nitesh Estates now has a 2.2 million square feet shopping mall portfolio.
The company is currently building a 1.2 million sq ft shopping mall in the upmarket locale of Indiranagar in Bengaluru.
The Koregaon Park shopping mall can accommodate 130 retail stores, an extensive food court and can house around 1,000 cars in the parking space. The mall already has a PVR cinema with seven screens and a Spar supermarket along with brands like Tommy Hilfiger, Collective, MAC, Calvin Klein, US Polo, Swarovski and Crossword.
Ashwini Kumar, Executive Director & COO, Nitesh Estates, said: “We are delighted to acquire this top quality asset and build our shopping portfolio.” Business Line