Phoenix Mills to Expand Retail Space to 14 Million Sq Ft by 2027

08 May 2025 CW Team

Phoenix Mills, India’s largest mall operator, plans to expand its retail portfolio from 11.5 million square feet to over 14 million square feet by 2027 and 18 million square feet by 2030. The growth will be driven by new developments in cities such as Kolkata, Surat, Coimbatore, Thane and Chandigarh.

In financial year 2024–25, the firm spent approximately Rs 26 billion on acquiring development potential and construction activities. It expects to invest Rs 12 billion to Rs 13 billion annually for expansion. Notably, Rs 16 billion was allocated to land acquisitions in Coimbatore, Chandigarh, Bengaluru and Mumbai, while Rs 10 billion was directed towards construction.

Phoenix Mills also aims to add four hundred thousand square feet to its Lower Parel property within two years. In the commercial office segment, the company intends to grow from three million to seven million square feet by 2027, with ongoing leasing discussions for one point two to one point four million square feet in Pune, Bengaluru and Chennai.

In hospitality, the company plans to add four hundred hotel keys, raising its total to 988 by 2027. It is also exploring broader diversification of its real estate projects to support long-term growth.

Source:The Financial Express

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Dhoot Partners RideVision For ADAS Solutions

Dhoot Transmission has partnered with Israel-based RideVision to introduce Advanced Driver Assistance Systems (ADAS) solutions in India, marking its entry into intelligent mobility and automotive safety technologies.The collaboration will bring globally proven ADAS technologies to India, customised for local road conditions and mobility needs. It will strengthen Dhoot Transmission’s existing electronics portfolio and support its long-term focus on next-generation automotive electronics.Naveen Kumar, CEO – India, Wiring Harness and Electronics, Dhoot Transmission, said the partnership combi..

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..