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Nexus Elante Mall

Coordinates: 30°42′22″N 76°48′04″E / 30.706°N 76.801°E / 30.706; 76.801
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Elante Mall
Elante Mall logo
Main entrance of the Mall
Map
LocationChandigarh, India
Coordinates30°42′22″N 76°48′04″E / 30.706°N 76.801°E / 30.706; 76.801
Address178, Industrial Area, Phase 1
Opening dateApril 2013
DeveloperL&T Realty
OwnerNexus Select Trust
No. of stores and services300
Total retail floor area1,150,000 sq ft (107,000 m2)
No. of floors4 + 1 basement level, of retail area
ParkingMultilevel
Websitewww.nexusselecttrust.com/nexus-elante

Nexus Elante Mall is a shopping mall in Chandigarh, India. With a gross leasable area of 1,000,000 sq ft (93,000 m2), it is the 7th largest shopping mall in Northern India and the 10th largest in India. [1][2] Elante is spread over an area of 20 acres. It is part of a mixed use real estate development project by Larsen & Toubro has bought by Nexus Select Trust now called Nexus Elante Mall.[3]

Features

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Offices Building of Elante Mall

Nexus Elante Mall has a retail space area of over 1 million square feet. It has 2 main gates, one is on the big front entry and another one is on the back. It has 3 basement levels, a ground level and three upper levels. In the retail area, Nexus Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. The Mall has an 8-screen Multiplex of PVR Cinemas. On its top floor, the mall has restaurants, fast food joints and a Fun City for kids entertainment. In 2013, the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid. The mall requires a 15MW power supply.[4]

Acquisition deals

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In September 2015, Mumbai-based Carnival Group bought Elante Mall, at a price of Rs 1,785 crore (more than US$ 274 million) making it one of the biggest deal for a single real estate or property in India at the time.[5]

On 28 July 2017, Nexus Malls, a subsidiary of US-based global investment firm The Blackstone Group bought Elante Mall for an undisclosed amount.[6] This is the second time Elante Mall is sold in two years.

See also

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References

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  1. ^ "Elante's generators trip, 6-hr blackout - dailypost.in". Archived from the original on 17 November 2015. Retrieved 20 August 2015.
  2. ^ "Chandigarh gets its largest mall Elante - Indian Express". archive.indianexpress.com.
  3. ^ "Elante sold again in top league deal - timesofindia". The Times of India. 28 July 2017.
  4. ^ "Elante mall spends Rs 3 lakh daily to light up its premises". 7 April 2013. Retrieved 9 February 2017.
  5. ^ Team, DNA Web (2 October 2015). "Mumbai's Carnival Group buys L&T's Chandigarh mall for a whopping Rs 1,785 crore". DNA India.
  6. ^ Service, Tribune News. "Blackstone Group-backed Nexus Malls buys Chandigarh's Elante Mall". Tribuneindia News Service.
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