Summary
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]
 Main entrance of the Mall | |
 | |
| Location | Chandigarh, India |
|---|---|
| Coordinates | 30°42′22″N 76°48′04″E / 30.706°N 76.801°E |
| Address | 178, Industrial Area, Phase 1 |
| Opening date | April 2013 |
| Developer | L&T Realty |
| Owner | Nexus Malls |
| Total retail floor area | 1,150,000 sq ft (107,000 m2) |
| No. of floors | 4 + 1 basement level, of retail area |
| Parking | Multilevel |
Features edit
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
- ^ "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&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&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.