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    SVP to develop The Opulent

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    Real estate firm SVP Group has announced that the company is coming up with its first shopping centre, The Opulent, at Delhi-Uttar Pradesh border in Ghaziabad. The centre will be opened around March 2009.

    Spread across approximately two lakh square feet, the mall will house a three-screen multiplex, a terrace pool, a bowling alley, and a food court.

    The company said that it has inked a deal with Bharti Retail to lease out space at the mall. As part of the agreement, about 32,000 square feet of space at the Opulent will be rented to Bharti Retail.

    Announcing this, SVP chairman and managing director VK Jindal said: “This is in line with our long-term plan of being a leading retail real estate provider in the region. Opulent will offer the best variety and value across product segments and services.”

    For the multiplex, the company has signed an agreement with PVR to offer around 32,000 square feet of area. According to the company, the estimated cost of the project stands at around Rs 100 crore.