Consumption recovery this time could be swifter than FY21: Phoenix Mills MD

In a Q&A, Shishir Shrivastava says his firm should start hitting the consumption trajectory of FY20 within 30-40 days

Mall developer and operator Phoenix Mills recently signed two joint ventures with global investors Canada’s CPP Investments and Singapore’s GIC for different plans. With its own funds, and the money put in by the partners, the company plans to almost double the portfolio by FY25 through both greenfield and brownfield development, says the company’s managing director Shishir Shrivastava in an interview with Raghavendra Kamath.

Q) When do you expect full recovery in business? What is your outlook for leasing and rents this financial year?

We have seen swift recovery in our business. Once malls were allowed to reopen in August-September