Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Phoenix Mills, India's leading mall operator, has announced plans to expand its retail portfolio to over 14 million sq ft by 2027, with a target of 18 million sq ft by 2030. The company aims to achieve this growth by adding new spaces in cities such as Kolkata, Surat, Coimbatore, Thane, and Chandigarh. In the fiscal year 2025, Phoenix Mills invested approximately INR 2,600 crore in acquiring development potential and construction across various projects. The company plans to continue its expansion by investing INR 1,200 crore to INR 1,300 crore annually.
Phoenix Mills, recognized as India's largest mall operator, is embarking on an ambitious expansion strategy to enhance its retail portfolio. The company aims to increase its mall area to over 14 million sq ft by 2027, with a further target of 18 million sq ft by 2030. Currently, Phoenix Mills operates approximately 11.5 million sq ft of retail space across various locations. Advertisement
To achieve this growth, Phoenix Mills plans to establish new retail spaces in key cities, including Kolkata, Surat, Coimbatore, Thane, and Chandigarh. These expansions are part of the company's broader strategy to strengthen its presence in the Indian retail market.
In the fiscal year 2025, Phoenix Mills allocated around INR 2,600 crore towards acquiring development potential and construction across its projects. Of this amount, INR 1,600 crore was invested in land acquisitions in cities such as Coimbatore, Chandigarh, Bengaluru, and the Floor Space Index (FSI) in Mumbai. The remaining INR 1,000 crore was directed towards construction activities.
Looking ahead, Phoenix Mills plans to continue its expansion by investing between INR 1,200 crore and INR 1,300 crore annually. This sustained investment is expected to support the company's growth objectives and strengthen its position in the retail sector.
By targeting key cities for new developments and allocating significant investments towards growth, the company is positioning itself to meet the evolving demands of the retail market. As Phoenix Mills continues to expand its footprint, it aims to offer enhanced shopping experiences to consumers across the country.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
