Parsvnath, Unity Group Mall To Earn Rs 1.2 Billion Yearly

05 Nov 2025 CW Team

Real estate developers Parsvnath Developers and Unity Group are set to earn an annual rental income of about Rs 1.2 billion from their newly opened shopping mall in Delhi.

The two companies had formed an equal joint venture in 2023 to develop a retail mall with a leasable area of around 500,000 square feet. The project, named Unity One Elegante, located at Netaji Subhash Place in the national capital, was inaugurated last month.

“We have leased 100 per cent of the retail space in our mall,” said Unity Group Director Harsh Bansal. He added that the joint venture expects monthly rental earnings of approximately Rs 100 million, translating to Rs 1.2 billion annually.

Bansal noted that the venture will pay nearly Rs 200 million as lease rental to the Delhi Metro Rail Corporation (DMRC), which owns the underlying land.

Parsvnath Developers Chairman Pradeep Jain highlighted that demand for quality retail space in the Delhi-NCR market remains exceptionally strong. “There is a huge appetite for premium shopping destinations, particularly in well-connected areas such as Netaji Subhash Place,” he said.

In a regulatory filing last month, Parsvnath confirmed that a special purpose vehicle (SPV), Unity Parsvnaths LLP — a 50:50 joint venture with Unity Group — developed the mall, which spans an area of 28,400 square metres.

According to data from Cushman & Wakefield, leasing activity in retail spaces across shopping malls and key high streets surged by 45 per cent during July–September 2025, reaching 2.41 million square feet across eight major cities. This growth reflects robust retailer demand and the steady addition of new supply.

Unity Group currently operates six malls across Delhi and Mohali, covering approximately 2 million square feet, with three of them developed through partnerships.

Parsvnath Group, which has a presence in over 37 cities across 13 states, continues to expand its footprint in residential, commercial, and retail real estate.

Real estate developers Parsvnath Developers and Unity Group are set to earn an annual rental income of about Rs 1.2 billion from their newly opened shopping mall in Delhi. The two companies had formed an equal joint venture in 2023 to develop a retail mall with a leasable area of around 500,000 square feet. The project, named Unity One Elegante, located at Netaji Subhash Place in the national capital, was inaugurated last month. “We have leased 100 per cent of the retail space in our mall,” said Unity Group Director Harsh Bansal. He added that the joint venture expects monthly rental earnings of approximately Rs 100 million, translating to Rs 1.2 billion annually. Bansal noted that the venture will pay nearly Rs 200 million as lease rental to the Delhi Metro Rail Corporation (DMRC), which owns the underlying land. Parsvnath Developers Chairman Pradeep Jain highlighted that demand for quality retail space in the Delhi-NCR market remains exceptionally strong. “There is a huge appetite for premium shopping destinations, particularly in well-connected areas such as Netaji Subhash Place,” he said. In a regulatory filing last month, Parsvnath confirmed that a special purpose vehicle (SPV), Unity Parsvnaths LLP — a 50:50 joint venture with Unity Group — developed the mall, which spans an area of 28,400 square metres. According to data from Cushman & Wakefield, leasing activity in retail spaces across shopping malls and key high streets surged by 45 per cent during July–September 2025, reaching 2.41 million square feet across eight major cities. This growth reflects robust retailer demand and the steady addition of new supply. Unity Group currently operates six malls across Delhi and Mohali, covering approximately 2 million square feet, with three of them developed through partnerships. Parsvnath Group, which has a presence in over 37 cities across 13 states, continues to expand its footprint in residential, commercial, and retail real estate.

Infrastructure Urban

31 Dec 2025

Rosatom Delivers Nuclear Fuel for Kudankulam Unit 3

Rosatom has recently supplied nuclear fuel for the initial loading of the VVER-1000 reactor core at Unit 3 of the Kudankulam Nuclear Power Plant, marking a key milestone in the second stage of the Russian-designed nuclear power project in southern India.The fuel was supplied by Rosatom’s Nuclear Fuel Division, managed by TVEL, and manufactured at the Novosibirsk Chemical Concentrates Plant. The delivery includes the initial reactor load along with reserve fuel assemblies and is part of a long-term contract covering the entire operational life of Units 3 and 4.Building on operational experien..

Infrastructure Transport

31 Dec 2025

CBL International Enables First LNG Bunkering at Xiaomo Port

CBL International recently completed the first-ever LNG bunkering operation at Xiaomo Port, supplying liquefied natural gas to vessels operated by BYD in support of its maritime decarbonisation strategy. The operation was facilitated through a physical supplier in collaboration with China National Offshore Oil Corporation (CNOOC), which supported the port’s inaugural LNG bunkering activity. The milestone represents a strategic expansion of CBL International's sustainable fuel offerings beyond biofuels, while also diversifying revenue streams. As global shipping intensifies efforts to cut em..

Infrastructure Urban

31 Dec 2025

Aimtron, Aurassure Partner for IoT Weather Systems

Aimtron Electronics has recently entered into an OEM manufacturing engagement with Aurassure to produce new-age, IoT-enabled weather and environmental monitoring systems in India. The collaboration supports the growing demand for real-time environmental intelligence across urban, industrial and infrastructure applications. The engagement comes as global focus on climate-risk management and data-driven planning accelerates. The global weather monitoring systems market, valued at around USD 2.1 billion in 2024, is projected to reach nearly USD 4.8 billion by 2034, driven by the rapid adoption o..