News: Prime Property in tie up for Mumbai mall
(BL 31/03/2006) Mumbai - Prime Property Development Corporation Ltd on Friday said that it has signed a development agreement with Plaza Panchshil Properties Pvt Ltd and others, to develop a shopping mall in Mumbai.
The company's share in the project will be 30 per cent and it is expected to be completed in about 18-24 months, in two phases, it informed the Bombay Stock Exchange.
The project will be named 'Prime Down Town Mall,' and will encompass more than 2,50,000 square feet saleable area of commercial shops and showrooms, multiplex screens, food plaza, entertainment-park and games park, among other facilities, it said.
The company said it has fully paid secured loans availed from 'Development Credit Bank Ltd,' it added.
The company's share in the project will be 30 per cent and it is expected to be completed in about 18-24 months, in two phases, it informed the Bombay Stock Exchange.
The project will be named 'Prime Down Town Mall,' and will encompass more than 2,50,000 square feet saleable area of commercial shops and showrooms, multiplex screens, food plaza, entertainment-park and games park, among other facilities, it said.
The company said it has fully paid secured loans availed from 'Development Credit Bank Ltd,' it added.
posted by InCar Group Press Room at 16:32
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