Home Retail Magneto Mall launch pushed ahead to January

    Magneto Mall launch pushed ahead to January


    , Raipur, which is under construction, is set to open it doors at a revised date of January 20, 2010. The 10.35 lakh square feet property is being constructed by Avinash Developers Pvt. Ltd. (ADPL), a part of the Raipur-based Avinash Group.

    Magneto is a multi-faceted development coming up on NH 6, Labhandi G.E. Road, Raipur. ‘Magneto Haat’, one of its salient features, will provide a huge space for local and regional retail players to display their merchandise. The mall will be 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, , COO, ADPL said, “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 in January include , Chat Cafe, Ten Downing Street, Time zone, Lee/, Cafe Coffee Day, , Candy Treat, Ali Bhai-Confectioneries and , confirmed Prabhu.

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