Realty firm Ansal houses and Infrastructure Ltd these days announced relaunch of its 17-12 months-vintage shopping mall 'Ansal Plaza' in South Delhi and has signed sixteen new brands, which include French wearing items store Decathlon as its anchor brand.
The corporation has invested Rs 10 crore to renovate this shopping mall unfold over 1.seventy eight lakh squareft and will relaunch it from the first week of December, the organization's vice president Pranav Ansal stated.
"We opened Ansal Plaza in 1999 and it become the first shopping mall within the North India. It become now not doing properly for the previous couple of years. So, we are relaunching this mall. human beings have lot of sturdy reminiscences which they would like to relive," Ansal instructed reporters right here.
"The mall can be repositioned as Delhi's one prevent F&B and sports activities hub. We want to leverage with splendid region and over 1,000 vehicle parks," he brought.
Ansal said Decathlon will be the anchor save inside the shopping mall with over 20,000 squaretoes of vicinity.
Ansal API Head (Retail) Amit Phull stated the average footfall on this mall became 12,000 in the starting and then peaked to 18,000 in 2005 before falling to 4,000 last yr. It had housed top brands which includes customers prevent, Adidas, M&S, McDonald's and music world among others.
After the relaunch, the organisation is now focused on 25,000 site visitors on weekends, he delivered.
Caroline Mulliez, enlargement supervisor, Decathlon sports activities India said this would be company's 40th save in India.
The employer will have 50 stores with the aid of early 2017 spread throughout 30 towns, she added.
Ansal organization is looking at Ansal Plaza to set the pace for the revival of its portfolio of nine current department shops spread across 5 unique states within North India -- Rajasthan Punjab, Haryana, Delhi-NCR and Uttar Pradesh.
"We will additionally be relaunching our shopping center in Ludhiana," he said, whilst including other malls have been acting properly.
Ansal properties and Infrastructure (Ansal API) operates in quite a number business verticals including integrated township, condominiums, institution housing, shops, purchasing complex, resorts, SEZs and IT Parks among others.