Phoenix Mills Live Stock, Share, Price, Charts, Quotes, NSE, BSE
Phoenix Mills (PHOENIX) is engaged in the business of developing real estate. It was incorporated in 1905. The company focuses on developing shopping and entertainment hubs across the country. Its operations include planning, execution, and marketing of projects to management, maintenance and sales of the completed projects. Developed on 1.5 million sq. ft. of space, High Street Phoenix
was the first consumption centre developed by the company in India. The complex houses retail and entertainment, commercial and residential complexes. Through its wholly-owned subsidiary, Pallazzio Hotel & Leisure, the company signed a hotel management agreement with Shangri-La Hotels and Resorts to operate and manage their upcoming hotel in the heart of Mumbai. In FY07, the company as a group focused on mega retail malls, entertainment complexes, commercial space and hospitality units, with plans to foray into developing real estate in eight cities admeasuring a total area of 21.4 million sq. ft. On amalgamation of Ashok Ruia Enterprises and Ruia Real Estate Development Company with the company, it will hold equity interests in project-specific companies that will develop projects like Market City-Mumbai, in the eastern Mumbai suburb of Kurla with approximately 4.05 million sq. ft.; Market City-Bangalore, in the commercial area of White field in Bangalore with approximately 2.81 million sq. ft.; Market City-Chennai, at Velachery in Chennai with approximately 2.4 million sq. ft.; Market City-Pune, on Nagar Road in Pune with approximately 2.23 million sq. ft.; and Market City-Raipur, near the railway station in Raipur with approximately 1.98 million sq. ft. developable area. It has decided to acquire over 60% stake in Big Apple Real Estate, the owners of the United Malls brand. The registered office is located at 462 Senapati Bapat Marg, Lower Parel, Mumbai-400013.
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