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Construction : Real Estate Update | November 2015 | Source : CW-India

Carnival Group acquires commercial project

The Shrikant Bhasi promoted Carnival Group has acquired the commercial real estate project ´Elante Mall´, ´Hyatt´ luxury hotel and the office premises with central courtyard in Chandigarh from L&T Group at a deal value of Rs 1,785 crore. Spread across 20 acre, this property, with its retail space of over 1.5 mn sq ft across G+3 levels is the largest mall in Chandigarh. The retail space hosts premium national and international brands along with a mix of hypermarket, departmental stores, sports bar, bowling alley. Elante has a well-planned entertainment zone with multiplex and food court that caters to its customers. This is Carnival Group´s third real estate acquisition after Leela Infopark (Kochi) and Leela Technopark (Thiruvananthapuram).
 
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