Chennai’s biggest mall ‘Phoenix Mills’ opens in Velachery
Chennai- Mall developer, Phoenix Mills have opened their fourth “Phoenix Marketcity” Mall in Velachery, Chennai.
According to the data available with BSE, this commercial and residential development has come up with over two million sq ft of property near Guru Nanak College in Velachery.
The project covers residential area of about 2.6 lakh sq ft while the mall has over 10 lakh sq.ft of leasable area. Phenoix Marketcity is undertaken by Classic Mall Developers which is a SPV (Special purpose Vehicle) of Phenoix Mills.
Velachery is a very prominent area which acts as residential, commercial and retail destination. It is close to Airport and many IT parks like idal IT Park, Elnet Software Park etc. There are many prominent residential projects in Chennai.
The land is also planned to have two other residential projects along with one more luxury mall near the main mall exclusively for international brands. The two residential developments will cover 0.6 million square feet of saleable area while the luxury mall will have 0.2 million square feet leasable area. Such a mall will be India’s second mall after Mumbai’s High Street Phoenix in Mumbai. The entire building will have 22 storeys.
The landscape of Chennai will entirely change with this biggest mall in Chennai city. Express Avenue is built on less than one million sq ft of area. The Chennai city will have few more malls like Forum in Vadapalani, Marg Junction Mall on OMR and The Grande in Velachery in coming two years. The first phase of Chennai Marketcity will be opened to people by June 2013.
According to a leading real estate consultancy firm, Chennai city has great potential which makes it more preferable market for small developers. Thinking of public is changing and they are shopping from malls.
Phoenix Mills is a Mumbai based company which develops retail units, entertainment complexes, commercial units, hotels, parking and residential complexes. Besides Mumbai they have spread their hands in Bangalore, Chennai, Pune, Raipur, Agra and Indore also.
Click here for related forum discussion
Related Real Estate News:
Chennai gets new residential project by Appaswamy
Hyderabad residential market most affordable among metros
Hyderabad to get Spanish villas
best mall in chennai, biggest mall in chennai, Biggest Mall of Chennai, Chennai, Chennai biggest mall, Chennai projects, chennai's biggest mall, largest mall in chennai, Malls in Chennai, new shopping mall in chennai, new shopping malls in chennai, Pheonix Market City mall, Phoenix Mills, projects in chennai, Projects in Velachery, residential projects in Chennai, Residential projects in Velachery, shopping malls in velachery, velachery malls
Thanks for sharing your thoughts on contractor liability.
Regards
Article writing is also a excitement, if you know then you can write or else it is
complicated to write.
Hurrah! After all I got a webpage from where I be able to truly obtain helpful data regarding
my study and knowledge.
Pretty section of content. I just stumbled upon your weblog and in accession
capital to assert that I get actually enjoyed account your
blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.
certainly like your website however you need to take a look at
the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very
bothersome to inform the truth on the other hand I’ll definitely come again again.
Excellent post. I was checking continuously this blog and I’m impressed! Very helpful information particularly the last part
I care for such info much. I was seeking this particular information for a very long time. Thank you and good luck.
hi!,I like your writing so a lot! proportion we communicate more approximately
your article on AOL? I need an expert in this space to resolve my problem.
May be that is you! Having a look ahead to peer you.