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Oberoi Mall to explore Omnichannel route, to launch premium mixed-use retail projects by 2020

Envisioned as a fashion and entertainment destination, Oberoi Mall opened its doors for shoppers on April 15, 2008. Situated on the Western Express Highway and with a GLA of 5,50,000 sq. ft., Oberoi Mall has occupied a significant position...

Pune’s Retail Real Estate Sector: The Game Gets Real

While the demonetisation wave put a dampener on residential sales across India, the retail market was comparatively unaffected and showed good flexibility in terms of a steady consumer spending pattern. Pune’s retail market is receiving considerable investment attention from...

PVR refurbishes iconic multiplex at Mani Square, Kolkata

PVR Cinemas, the largest cinema exhibitor in India, has revamped its four screens multiplex at Mani Square in Kolkata. Upholding its commitment in the eastern states, PVR comprises of 13 screens and three properties in West Bengal and in the...

PVR aims to double revenue; aims to clock Rs 4,000 crore in 5 years

Multiplex operator PVR is aiming to double its revenue to around Rs 4,000 crore and screen count to 1,000 across the country in next five years. "Our strategy is to increase screen penetration in India. We are about 570 screens...

PVR aims to acquire 100 more screens in 2017

Multiplex chain operator PVR, which acquired DT Cinemas last year, is scouting for more acquisition opportunities as it plans to add over 100 more screens by the end of next fiscal. "We are always looking out for more inorganic opportunities...

Understanding mall occupancy of leading Indian cities

In India, currently, only the top six cities have a mall stock of approximately 67 million sq.ft. Roughly 36 malls have become operational between 2012-2016. However, the last three years saw a slowdown in new malls being operationalised with developers...

DLF exits cinema biz; sells 7 screens to Cineplois for Rs 64 crore

India's largest real estate firm DLF has in a statement to the Bombay Stock Exchange (BSE) said that it has sold its seven remaining cinema screens in Delhi under its cinema exhibition business to Mexican movie theatre chain Cinepolis...

MobiKwik raises US$ 40 million from Net1

Gurugram-based digital wallet start-up MobiKwik has raised US$40 million (nearly Rs 270 crore) from Net1, a South African payments technology entity specialising in developing solutions for the unbanked in developing nations. Net1 is listed on Nasdaq, the American stock exchange,...

MobiKwik pivots business strategy; targets profits by April 2018

Gurugram-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said. "We expect to become profitable by 2018 and continue to...

PVR earmarks Rs 250 cr capital expenditure for FY17

Multiplex chain operator PVR has earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones, a company official said. "We expect an annual capex of Rs 200-250...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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