Eastern India’s largest mall to come up at Kolkata’s Alipore
Phoenix Grand Victoria, positioned as the largest mall in East India, is currently in the construction phase in Kolkata. Located in the Alipore area of the city, the mall is set to offer around 1 million square feet of retail space.
In February 2021, The Phoenix Mills, a prominent developer and operator of retail-led mixed-use assets, acquired a 7.48-acre land parcel on Diamond Harbour Road in Alipore through its wholly-owned subsidiary, Mindstone Mall Developers. The acquisition, valued at Rs 300 crore, paved the way for the upcoming retail destination.
The Phoenix Mills have acquired an additional prime 5.5-acre land parcel in Alipore in February 2023, investing over Rs 414 crores. The purpose of this acquisition is to develop a high-end residential project, with a total development potential exceeding 1 million square feet of saleable area. The project is anticipated to comprise 325-350 homes, carrying an estimated gross sales value exceeding Rs 2,300 crores.
Alipore, recognized as a well-established upscale area, boasts excellent infrastructure, connectivity, and accessibility. Regarded as one of Kolkata’s most premium neighborhoods, Alipore is adorned with iconic monuments, recreational facilities, hospitals, and educational institutions. The neighborhood’s allure is heightened by its luxurious residences, well-maintained parks, and lush sidewalks.
