Hiranandani sees rapid growth of shopping malls in Thane

Thane, Feb 1 (PTI) Niranjan Hiranandani, ManagingDirector of Hiranandani Group of companies, today said therewas an enormous growth in the demand for shopping malls in andaround Thane city and certain parts of Mumbai.

Due to the closure of various industrial units sometime back, people had lost their jobs. But since the last fewyears, a number of jobs have been created by IT and relatedfields, he said.

He was talking to media here after inaugurating"Nitco Biz Park in Wagle Industrial Estate here.

The Thane city was witnessing rapid development inreal estate and commercial properties, Hiranandani said.

"The malls in the city and certain parts of Mumbai arepacked to the capacity all through out the week, indicatingthat the common man makes most of his purchases at thesemalls. Demand for malls will grow in the coming days," hesaid.

Nitco Biz Park is a state-of-the-art commercialproperty. A Rs 120-crore project, the park is a six-storeyedbuilding and has over 2 lakh sq ft of plush office space. PTICOR

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