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DS Group to bid for Great India Place mall in Noida
Mint Mumbai
|October 17, 2023
DS Group, the makers of Rajnigandha pan masala and Catch spices, is exploring the acquisition of the Great India Place Mall complex at Noida in Delhi-NCR, two people aware of the development said. A deal is likely at around ₹2,000 crore, they said, which would make it one of the biggest in Noida’s real estate sector.
“The company is expanding its presence in the retail and hospitality sector," one of the two people cited above said on the condition of anonymity.
The entire complex has a developed area of 147 acres, comprising various malls and vacant space, which can be used to build commercial or residential buildings. There is currently about 1.7 million sq. ft available for development.
The Great India Place was jointly developed by the Appu Ghar Group and the Unitech Group. Now, Unitech holds 42% in the mall, while the rest is owned by other investors.
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