The proponent of Phoenix Mills Limited applied for an environmental clearance approval for the Phoenix Retail Building project in Kolkata on 2nd May 2022. Mindstone Mall Developers Private Limited will act as the Special Purpose Vehicle (SPV) for this project. The application for this private project is currently under approval. In Kolkata, near 49/1C, Diamond Harbour Road, Mominpore, this project will comprise the construction of a retail building.
Phoenix Retail Building
The Phoenix Retail Building at Kolkata has a latitude of 22.528668 (22° 31′ 43.2048″ N) and a longitude of 88.325721 (88° 19′ 32.5956″ E). The project construction will begin in 2022 and will finish in the year 2026.
This project envisages the construction of a ‘Retail Assembly Business’ and ‘Multiple Level Car Parking (MLCP)’ Building. The project will comprise a basement, a ground floor and 8 upper floors at 48/1/1, Diamond Harbour Road, under Kolkata Municipal Corporation (KMC), Ward No. 78, Ekbalpur, Kolkata. With an estimated cost of INR 400 crores, the construction area of the project is over 10,00,000 sq. ft.
KEY PROJECT SPECIFICATIONS
| Name of the Project | Phoenix Retail Building at Kolkata |
| Latitude and Longitude | 22.528668(22°31’43.2048″ N), 88.325721 (88°19’32.5956″ E) |
| Pin code | 700027 |
| Year of Commencement of Construction | 2022 |
| Year of Completion of Construction | 2026 |
| Latest Status | Under Approval |
| Latest Sub Status | Environmental Clearance |
| Construction Area Range (in sq. ft) | Over 10,00,000 sq. ft. |
| Total Project Cost | INR 400 crores |
| Max Building Height (In Metres) | 38 metres |
| Max Floor (above Ground) | 8 floors |
| Max Floor (Below Ground) | 1-floor |
| Parking Spaces (Number of Units) | 1834 units |
Phoenix Mills Limited
India’s largest retail-led mixed-use developer, the Phoenix Mills Ltd, has carved a niche for itself in the Indian real estate sector. The company delves into multiple large-scale projects, including mega retail malls, entertainment complexes, commercial spaces and hospitality units. Its operations spread across most aspects of real estate development, like planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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