Thursday, April 19, 2007

Merlin Group opening home focused malls

Merlin Group, a Kolkata based real estate developer, announced that it would be opening the first of its kind home and interior decor focused mall. Total floor space in the mall will be over 100,000 sq ft, and will be located in a central area of the city. Around 150 retailers will be able to open stores in the mall. Approximately 80% of the space has already been rented out, while the remaining has been given on long term lease. Rental prices in the mall vary between Rs 60-175 per sq ft. Pantaloon will be the anchor store, while some of the other stores are Godrej, Kapoor Lamps etc.

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