Categories: Projects

Mahagun Metro Mall amongst the top tier II shopping malls in India

Ghaziabad, June 29, 2018: Mahagun Metro Mall, a preferred destination for the people in Vaishali, Ghaziabad has regained one of the top positions amongst the shopping malls in tier II cities of India as the mall has witnessed a YOY jump of approx. 48 percent in footfalls in the first quarter of FY 18-19. Acclaimed as a shopping arcade of the city, the mall had recorded footfall of around one crore in previous financial year and the ongoing performance of mall is clearly indicating the establishment of another benchmark in FY 18-19.

Within a span of only eight years since the mall became operational, it has emerged as a hub of fun and joy rather than being a shopping destination only. The mall has garnered many awards and recognitions throughout its journey to become a landmark in Ghaziabad. Recently, the mall has been conferred as the best tier II shopping malls in India through an independent survey in the region. Moreover, the mall has also been witnessing a significant momentum in footfalls every month.

A one-stop destination for a shopper’s frenzy, the mall was constructed and became operational in the year 2010-11 and since then it has never looked back and accomplished several records as per the retail standards.  The mall is spread across an area of 455,000sqft and containing a total chargeable area of 334,630sqft. The mall has recorded the footfall of approx. 6 lacs in the month of April 2018. Although in first appearance, the number seems surprising for a mall established in tier-II city while taking a look at the latest brand outlets and mall’s active participation in various amusement and CSR activities, the figures are expected to grow higher day by day. Including renowned names like Big Bazaar, Dominos, Keventers, KFC, Max, Lifestyle in the store, the mall is currently carrying around 102 latest brand outlets. Among all, the mall was the first to introduce and bring PVR cinemas in Ghaziabad city.

Reflecting on the throughout journey of mall, Abhinav Ajmera, Vice President, Business Development, Mahagun Group said, “Once we have a look at our expedition, it really makes us proud to be associated with the icon of success. With the fastening pace of retail sector, we are on our way to become a pioneer in the sector. We are leaving no stone unturned to establish our mall a place where one not only gets the best shopping experience but also finds it as a galleria of own amusement.”

Corporate Comm India(CCI Newswire)

Recent Posts

GHR Infra Launches ‘2BHK Freedom Offer’ at GHR Callisto

Hyderabad, August 08,2026: GHR Infra has launched the '2BHK Freedom Offer' at GHR Callisto, its IGBC Green Homes…

24 hours ago

RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

New  Delhi, August 05, 2026: The Reserve Bank of India's (RBI) decision to maintain the…

4 days ago

Alumil India Designs State-Of-The-Art Fenestration  Solutions For Nagpur’s Landmark High-Rise Residential Project

Mumbai, August 04, 2026: Alumil India, the fully-owned Indian subsidiary of Alumil Group, has successfully executed its…

5 days ago

Pichwai Art for Contemporary Walls by WallKalakar’s

New Delhi, July 31, 2026: Led by Wallpaper Designer T.C. Mathur, WallKalakar's latest Pichwai Collection…

1 week ago

Nominations Invited for Adoni Lifetime Achievement Awards 2026

Hyderabad, July 13, 2026: The Khazi India Foundation has formally invited nominations for the prestigious…

4 weeks ago

CREDAI Pune Launches Site Safety Audit Initiative to Strengthen Construction Site Safety

Maharashtra, July 06, 2026: Reinforcing its commitment to worker welfare and responsible construction practices, CREDAI Pune,…

1 month ago