Unity, Parsvnath to develop a mall in Delhi
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Unity, Parsvnath to develop a mall in Delhi

28 Jan 2023 1 Min Read Editorial Team
Unity Group has inked a joint development agreement with Parsvnath Developers to create 450,000 sq ft of retail space with a Rs 2 billion investment. The bridge-to-luxury mall is near the Netaji Subhash Place metro station and is on land leased from Delhi Metro. The agreement is part of the company'...

Unity Group has inked a joint development agreement with Parsvnath Developers to create 450,000 sq ft of retail space with a Rs 2 billion investment. The bridge-to-luxury mall is near the Netaji Subhash Place metro station and is on land leased from Delhi Metro. The agreement is part of the company's goal to double its retail portfolio and establish a retail REIT. The mall should become operational by October 2023, and the company is already in touch with brands for leasing, and is expected to gain Rs 1 billion in rental income every year. Contact: Unity Group Tel: 011 - 6124 6666 Website: www.unitygroup.in

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Real Estate
11 Jan 2023

Unity, Parsvnath to develop mall in Delhi

Unity Group, based in Delhi, has inked a joint development agreement with Parsvnath Developers to create 450,000 square feet of retail space with a Rs 2 billion investment, according to Unity Group co-founder Harsh V Bansal. The bridge-to-luxury mall is near the Netaji Subhash Place metro station and is on land leased from Delhi Metro.

The agreement is part of the company's goal to double its retail portfolio and establish a retail REIT.

"This mall should become operational by October 2023, and we are already in touch with brands for leasing. We are expecting Rs 1 billio..

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