₹28.57 Cr

Investment Size

8.56%

Entry Yield

12%

Expected IRR

Kolkatta

Location

Preleased retail space, Howrah, Kolkatta

Why invest in this opportunity

This is one of the rarest opportunities to invest in a retail space occupied by PVR cinema and the food outlets, in the most captivating localities of Howrah, Kolkatta. In terms of revenue it is one of the most performing PVR cinemas in eastern india. 6 lac sq.ft of built up area , PVR spread across 32k sq.ft with 1186 seats capacity. Apart from this the mall has 7 Large format departmental stores and nearly 200 national and international brand stores. This is the only green mall in eastern india, certified by Indian green building council (as of 2020) with having ‘Platinum Rating‘ for energy

Accessibility and Location

23 Kms from international airport and 3 Kms from the Howrah metro station.

Market and Asset class performance

The physical retail market has an expected supply pipeline of ~23.82 mn sq ft of retail developments between 2024 and 2026. Retail sector likely to record a robust net absorption at 6.3 mn sqft in 2024.

Expected Growth Scenario

India is currently the 4th largest retail market of the world. India retail market is expected to reach $ 1 tn by 2027 growing at 25% CAGR.