Elante Mall Explained

Location:Chandigarh, India
Coordinates:30.706°N 76.801°W
Address:178, Industrial Area, Phase 1
Opening Date:April 2013
Owner:Nexus Malls
Parking:Multilevel
Floors:4 + 1 basement level, of retail area

Elante Mall is a shopping mall in Chandigarh, India. With a gross leasable area of, 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]

Features

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

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

Notes and References

  1. Web site: Elante's generators trip, 6-hr blackout - dailypost.in . 2015-08-20 . dead . https://web.archive.org/web/20151117033558/http://dailypost.in/chandigarh/1644-elante-s-generators-trip-6-hr-blackout . 17 November 2015 . dmy-all .
  2. Web site: Chandigarh gets its largest mall Elante - Indian Express. archive.indianexpress.com.
  3. Web site: L&T Realty | Elante Office Space - Chandigarh . 20 August 2015 . https://web.archive.org/web/20150921231407/https://www.lntrealty.com/elante-office-space.aspx . 21 September 2015 . dead .
  4. News: Elante mall spends Rs 3 lakh daily to light up its premises . 7 April 2013 . 9 February 2017.
  5. Web site: Mumbai's Carnival Group buys L&T's Chandigarh mall for a whopping Rs 1,785 crore. DNA Web. Team. 2 October 2015. DNA India.
  6. Web site: Blackstone Group-backed Nexus Malls buys Chandigarh's Elante Mall. Tribune News. Service. Tribuneindia News Service.