Google News

Ansal relaunches flagship shopping mall Ansal Plaza in South Delhi

Must Read

Realty firm Ansal Properties and Infrastructure Ltd today announced relaunch of its 17-year-old shopping mall ‘Ansal Plaza’ in South Delhi and has signed 16 new brands, including French sporting goods retailer Decathlon as its anchor brand.
According to a PTI report: The company has invested Rs 10 crore to renovate this shopping mall spread over 1.78 lakh sq ft and will relaunch it from the first week of December, the company’s Vice Chairman Pranav Ansal said.
“We opened Ansal Plaza in 1999 and it was the first shopping mall in the North India. It was not doing well for the last few years. So, we are relaunching this mall. People have lot of strong memories which they would like to relive,” Ansal was quoted by PTI as saying.
“The mall will be repositioned as Delhi’s one stop F&B and sports hub. We want to leverage with great location and over 1,000 car parks,” he was further quoted by PTI as saying.
Ansal said Decathlon would be the anchor store in the shopping mall with over 20,000 sq ft of area.
Ansal API Head (Retail) Amit Phull said the average footfall in this mall was 12,000 in the beginning and then peaked to 18,000 in 2005 before falling to 4,000 last year. It had housed top brands such as Shoppers Stop, Adidas, M&S, McDonald’s and Music World among others.
After the relaunch, the company is now targeting 25,000 visitors on weekends, he added.
Expansion Manager, Decathlon Sports India, Caroline Mulliez said this would be company’s 40th store in India.
The company will have 50 stores by early 2017 spread across 30 cities, she added.
Ansal Group is looking at Ansal Plaza to set the pace for the revival of its portfolio of nine existing malls spread across five different states within North India — Rajasthan Punjab, Haryana, Delhi-NCR and Uttar Pradesh.
“We will also be relaunching our shopping mall in Ludhiana,” he was quoted by PTI as saying, while adding other malls were performing well.
Ansal Properties and Infrastructure (Ansal API) operates in a range of business verticals such as integrated township, condominiums, group housing, malls, shopping complex, hotels, SEZs and IT Parks among others.

Latest News

Honasa Consumer posts Q4 profit at Rs 30.47 cr, sales up 21.5% at Rs 471 cr

Its revenue from operations grew 21.46% to Rs 471.09 crore in the fourth quarter of this fiscal. It was...