Magneto Mall finally opens its door in Raipur

05 Feb 2010

The much awaited Magneto Mall, Raipur, which kept postponing its opening date, is set to open its door for retailers today. The 10.35 lakh square feet property, constructed by Avinash Developers Pvt. Ltd. (ADPL), is a part of the Raipur-based Avinash Group.

Magneto is a multi-faceted development on NH 6, Labhandi GE Road, Raipur. 'Magneto Haat', one of its salient features, is set to provide a huge space for local and regional retail players to display their merchandise. The mall is located at a distance of 4.5 km from the heart of the city and its visitors will have a mixed experience of world-class shopping arcade, a 12,292 square feet food court, entertainment zones, etc.

Referring to Magneto Mall discarding the conventional rental format and entering into the revenue sharing agreements with the retailers, Sanjay Prabhu, COO, ADPL tells IndiaRetailing, “All the retailers are willing to share their store sales figure with us, which is a win-win situation for mutual growth.”

The stores that are scheduled to begin trading include Westside, Bikano Chat Cafe, Ten Downing Street, Time Zone, Lee/Wrangler, Cafe Coffee Day, Maruti Suzuki, Candy Treat, Ali Bhai-Confectioneries and PVR, confirms Prabhu.

“Westside and PVR will be the anchor tenants of this mall,” Prabhu confirms.

— IndiaRetailing Bureau