“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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