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Nitesh Estates acquires Pune Mall

Bengaluru-based developer Nitesh Estates has announced its entry into the Pune market. With the acquisition of one million sq. ft., the Koregaon Park Plaza Centre an A grade shopping mall, spread over six acres in upscale locale of Koregaon in Pune, Nitesh Estates has achieved yet another milestone in its decade old presence in India. With this acquisition the Nitesh Estates shopping mall portfolio is now 2.2 million sq-ft. They are currently developing 1.2 million sq-ft. shopping mall in the upmarket locale of Indiranagar in Bengaluru.

The Koregaon Park shopping mall can accommodate 130 retail stores, an extensive food court and can house around 1,000 cars in the parking space.

Ashwini Kumar, executive director & COO, Nitesh Estates, said, “Pune has emerged as an important real estate market. Koregaon Park shopping mall is undergoing a refurbishment and will soon sport a new food court in addition to fine dining restaurants. The changes will take place while the mall remains operational.”

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June 2020
10 Jun 2020