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Bhaskar Group to set up mall in Bhopal

DB Malls Pvt Ltd, part of the Rs 2,500 crore media conglomerate Bhaskar Group, is developing a mall, multiplex and hotel project in Bhopal.

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MUMBAI: DB Malls Pvt Ltd, part of the Rs 2,500 crore media conglomerate Bhaskar Group, is developing a mall, multiplex and hotel project in Bhopal.

Located at the centre of the central business district, opposite MP Nagar, the project involves a retail area 5 lakh sq ft, a 6-screen, 1,500-seats multiplex, a 120-room, 4-star business hotel, 5 restaurants, a 30,000 sq ft food court, and a 15,000 sq ft family entertainment centre, all tastefully designed by Bentel. The total construction would be for a whopping 1.3 million sq ft, over a 6-acre area and would cater to 1.2 million people in a 5-km catchment.

The building structure is to be completed by December this year, while commercial operations are due to start in the third quarter of next calendar year.

Over 60% of the project has already been leased to retailers such as Shoppers’ Stop, Reliance hypermarket, Globus, Pantaloons, Fun Cinemas, Rituwear and Madura Garments.

Sudhir Agarwal, managing director, Bhaskar Group says, “The dynamic phase of economic reforms and development in Bhopal has ushered in the ‘mall culture’ and we at Bhaskar Group wanted to play a role in that.”

Hitherto Bhopal only had shopping arcades with rows of small shops offering local wares and brands. With DB Mall, it would come on a par with evolved shopping destinations.

As Ashwin Puri, CEO, Property Zone puts it, “DB Mall will reflect the status of brand Bhaskar and its connectivity with the community.”

Bhaskar Group is co-promoter of Diligent Media, which publishes DNA

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