Thursday, October 23, 2014 | SMS 91RE to 57333 | Download E-Brochure
Home About Us Services City Special Advertise with us Search News Market Analysis Contact Us
  Projects infocus  
 
Bichun Industrial Park
23 MARINA
The Skycourt
WTP
Neptune Courtyard
more >>
  91 RealEstate News Headlines  
 
Chennai to have 6 More Malls Despite the Slump 25/03/2009
The slowdown may have stalled construction projects across the country, but Chennai is set to get six to eight new malls in the next couple of years, replete with food courts, cinema theatres, gaming arcades and shops. “In another two to three years, about six to eight malls are expected to become operational. Two will be functional by this year: Ampa mall in Aminjikarai will be ready by the first half of 2009 and Express Avenue on Whites Road by the end of the year,” said Sanjay Chugh, national head of business development, retail of Jones Lang LaSalle Meghraj (JLLM), a leading real estate services firm.

According to a report by Cushman and Wakefield, another well-known real estate solutions firm, 14 malls covering 6.2 million sq ft were to come up in 2010 and 2011, mostly in the southern and western parts of Chennai, but many are now on hold. “Though there are quite a few projects listed on paper, only three or four malls will probably become operational in two years,” said Rajneesh Mahajan, executive director, retail services at Cushman and Wakefield. “There is limited spending on the ground and construction activity has slowed down. It is hard to tell exactly how many projects will stick to schedule,” he said.
  << Back
  Developer's Gallary  
 
DLF Building India

Hiranandani

Ansal API

RAHEJA DEVELOPERS

SOBHA DEVELOPERS LTD

more>>
Bookmark this page Add  to your blinklist account Add to delicious Add  to your digg account Add  to your fark account Add  to your furl account Add  to your magnolia account Add  to your newsvine account Add  to your reddit account Web Development India Add  to your simpy account Add  to your spurl account Add  to your myyahoo account Add  to your shadows account Add  to your sync2it account Monitor  with BlogarithmMeneame