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Elante Mall

Elante Mall is a shopping mall in Chandigarh, India. With a gross leasable area of 1,000,000 sq ft (93,000 m2), it is the 7th largest shopping mall in Northern India and the 10th largest in India. [1][2] Elante is spread over an area of 20 acres. It is part of a mixed use real estate development project by Larsen & Toubro called Elante.[3]

Elante Mall
Main entrance of the Mall
LocationChandigarh, India
Coordinates30°42′22″N 76°48′04″E / 30.706°N 76.801°E / 30.706; 76.801
Address178, Industrial Area, Phase 1
Opening dateApril 2013
DeveloperL&T Realty
OwnerNexus Malls
Total retail floor area1,150,000 sq ft (107,000 m2)
No. of floors4 + 1 basement level, of retail area
ParkingMultilevel

Features edit

 
Offices Building of Elante Mall

Elante Mall has a retail space area of over 1 million square feet. It has 2 main gates, one is on the big front entry and another one is on the back. It has 3 basement levels, a ground level and three upper levels. In the retail area, Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. The Mall has an 8-screen Multiplex of PVR Cinemas. On its top floor, the mall has restaurants, fast food joints and a Fun City for kids entertainment. In 2013, the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid. The mall requires a 15MW power supply.[4]

Acquisition deals edit

In September 2015, Mumbai-based Carnival Group bought Elante Mall, at a price of Rs 1,785 crore (more than US$ 274 million) making it one of the biggest deal for a single real estate or property in India at the time.[5]

On 28 July 2017, Nexus Malls, a subsidiary of US-based global investment firm The Blackstone Group bought Elante Mall for an undisclosed amount.[6] This is the second time Elante Mall is sold in two years.

See also edit

References edit

  1. ^ . Archived from the original on 17 November 2015. Retrieved 20 August 2015.
  2. ^ "Chandigarh gets its largest mall Elante - Indian Express". archive.indianexpress.com.
  3. ^ . Archived from the original on 21 September 2015. Retrieved 20 August 2015.
  4. ^ "Elante mall spends Rs 3 lakh daily to light up its premises". 7 April 2013. Retrieved 9 February 2017.
  5. ^ Team, DNA Web (2 October 2015). "Mumbai's Carnival Group buys L&T's Chandigarh mall for a whopping Rs 1,785 crore". DNA India.
  6. ^ Service, Tribune News. "Blackstone Group-backed Nexus Malls buys Chandigarh's Elante Mall". Tribuneindia News Service.

elante, mall, shopping, mall, chandigarh, india, with, gross, leasable, area, largest, shopping, mall, northern, india, 10th, largest, india, elante, spread, over, area, acres, part, mixed, real, estate, development, project, larsen, toubro, called, elante, ma. Elante Mall is a shopping mall in Chandigarh India With a gross leasable area of 1 000 000 sq ft 93 000 m2 it is the 7th largest shopping mall in Northern India and the 10th largest in India 1 2 Elante is spread over an area of 20 acres It is part of a mixed use real estate development project by Larsen amp Toubro called Elante 3 Elante MallMain entrance of the MallLocationChandigarh IndiaCoordinates30 42 22 N 76 48 04 E 30 706 N 76 801 E 30 706 76 801Address178 Industrial Area Phase 1Opening dateApril 2013DeveloperL amp T RealtyOwnerNexus MallsTotal retail floor area1 150 000 sq ft 107 000 m2 No of floors4 1 basement level of retail areaParkingMultilevel Contents 1 Features 2 Acquisition deals 3 See also 4 ReferencesFeatures edit nbsp Offices Building of Elante Mall Elante Mall has a retail space area of over 1 million square feet It has 2 main gates one is on the big front entry and another one is on the back It has 3 basement levels a ground level and three upper levels In the retail area Elante Mall hosts retailers of various Indian and international brands a food court and a courtyard full of cafes The Mall has an 8 screen Multiplex of PVR Cinemas On its top floor the mall has restaurants fast food joints and a Fun City for kids entertainment In 2013 the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid The mall requires a 15MW power supply 4 Acquisition deals editIn September 2015 Mumbai based Carnival Group bought Elante Mall at a price of Rs 1 785 crore more than US 274 million making it one of the biggest deal for a single real estate or property in India at the time 5 On 28 July 2017 Nexus Malls a subsidiary of US based global investment firm The Blackstone Group bought Elante Mall for an undisclosed amount 6 This is the second time Elante Mall is sold in two years See also editLarsen amp Toubro L amp T RealtyReferences edit Elante s generators trip 6 hr blackout dailypost in Archived from the original on 17 November 2015 Retrieved 20 August 2015 Chandigarh gets its largest mall Elante Indian Express archive indianexpress com L amp T Realty Elante Office Space Chandigarh Archived from the original on 21 September 2015 Retrieved 20 August 2015 Elante mall spends Rs 3 lakh daily to light up its premises 7 April 2013 Retrieved 9 February 2017 Team DNA Web 2 October 2015 Mumbai s Carnival Group buys L amp T s Chandigarh mall for a whopping Rs 1 785 crore DNA India Service Tribune News Blackstone Group backed Nexus Malls buys Chandigarh s Elante Mall Tribuneindia News Service Retrieved from https en wikipedia org w index php title Elante Mall amp oldid 1218873312, wikipedia, wiki, book, books, library,

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