Future Group’s 5th Central Mall to be in Ahmedabad

Business Standard reports that The Future Group will be opening its 5th Central Mall in Ahmedabad by 2009. Although the company had identified some locations in the city, it was yet to finalize the decision. Sadashiv Nayak, head of operations (west zone) Pantaloon Retail said, “We will be coming up with a central mall in Ahmedabad and the work will be completed in three years.” The project will be constructed by Kshitij Real Estate Fund, which is owned jointly by Pantaloon and a private equity fund.