Investment in Bengal : Ambuja Neotia group set to invest Rs 2000 Crores to open 2 New Malls in Kolkata & Siliguri
The News National :
Ambuja Neotia Group is planning to invest ₹2,000 crore to open two new malls—one each in Kolkata and Siliguri. The group currently operates six malls—two in Kolkata and one each in Haldia, Siliguri, Raipur, and Patna. The six existing malls span across 2 million sq ft of retail space, and the group is planning to add 1.5 million sq ft of retail space with two upcoming malls.
The project is currently at its design stage and should be functional before 2029. Ambuja Neotia Group, which has a presence in hospitality, healthcare, and real estate, closed the last fiscal at around ₹1,500 crore in revenue and is eyeing to close this fiscal at around ₹1,700 crore.
The two City Centre malls of Ambuja Neotia Group in Salt Lake, Kolkata, and New Town will go on sale, with Nexus Select Trust eyeing the purchase.
