Entertainment World to build 5 malls

Indore, Aug 28(UNI) Indore-based Kalani Group company Entertainment World Developers Pvt Ltd has been planning to build 5 shopping malls cum multiplexes spread over 29 lakh square feet of land in different two tier cities of Madhya Pradesh, Gujarat and Chhattisgarh.

With a 'dream' to make cities of Indore, Jabalpur,Gwalior, Raipur and Vadodara having shopping malls equivalent to those of metro cities, EWD Managing Director Manish Kalani said the company had been working on these projects costing Rs 475 crores and aim to complete them in next three to four years.

Indore is on the top list of the company where the work on developing the Mall has already started with the real estate fund Kshitij in the joint venture. Pantaloon Group's Indore Central would take one third of the total 4 lakh 40 thousand sq ft land. In another big project in Indore, estimated to cost Rs 174 crore, one million sq ft of land would be developed making it one of the biggest mega mall of Central India.

The project envisages development of shopping malls of 6 lakh sq ft with Rs 92 crores at Raipur, 5 lakh sq ft with Rs 76 crores at Jabalpur and 3 lakh 50 thousand sq ft with Rs 58 crores at Vadodara.

Besides, EWD has also plan to develop two townships involving development of 35 lakh sq ft of land at a cost of Rs 630 crores.

The company has also proposed to develop 70 acres of land by resettlement of government quarters and redensification of Gandhi Road area. The Rs 626 crores project envisages development of 22 lakh sq ft of residential area, 9 lakh sq ft of commercial area, besides construction and sale of 17 lakh sq ft of shopping malls, multiplexes and hotels.

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