Nexus Elante Mall
Shopping mall in Chandigarh, India
From Wikipedia, the free encyclopedia
Nexus Elante Mall is a shopping mall in Chandigarh, India. With a gross leasable area of 1,000,000 sq ft (93,000 m2), it is the 7th largest shopping mall in Northern India and the 10th largest in India.[1][2] Elante is spread over an area of 20 acres. It is part of a mixed-use real estate development project by Larsen & Toubro and has been bought by Nexus Select Trust, now called Nexus Elante Mall.[3]
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 Main entrance of the Mall | |
 | |
| Location | Chandigarh, India |
|---|---|
| Coordinates | 30.706°N 76.801°E |
| Address | 178, Industrial Area, Phase 1 |
| Opened | April 2013 |
| Developer | L&T Realty |
| Owner | Nexus Select Trust |
| Stores | 300 |
| Floor area | 1,150,000 sq ft (107,000 m2) |
| Floors | 4 + 1 basement level, of retail area |
| Parking | Multilevel |
| Website | www |
Features
Nexus Elante Mall has a retail space area of over 1 million square feet. It has 2 main gates, one is on the big front entry, and another one is on the back. It has 3 basement levels, a ground level, and three upper levels. In the retail area, Nexus Elante Mall hosts retailers of various Indian and international brands, a food court, and a courtyard full of cafes. The Mall has an 8-screen Multiplex of PVR Cinemas.[citation needed] On its top floor, the mall has restaurants, fast food joints, and a Fun City for kids' entertainment. In 2013, the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid. The mall requires a 15 MW power supply.[4]
Acquisition deals
In September 2015, Mumbai-based Carnival Group bought Elante Mall at a price of ₹1,785 crore (US$190 million), making it one of the biggest deals for a single piece of real estate or property in India at the time.[5]
On 28 July 2017, Nexus Malls, a subsidiary of US-based global investment firm The Blackstone Group bought Elante Mall for an undisclosed amount.[6] This is the second time Elante Mall is sold in two years.[citation needed]