Forum Group starts building Rs 500 crore mall in city

BS Reporter

Kolkata-based real estate developer Forum group has commenced construction of Rs 500 crore shopping mall and office space complex at Rasulgarh square in Bhubaneswar. Titled as 'Esplanade by Forum', the project will consist of a 4 lakh square feet shopping mall including an eight-screen multiplex and 2.5 lakh square feet luxury office spaces. Additionally, the project will have parking facility for over 1000 cars. Speaking about the project, Vidyut Saraf, deputy managing director of Forum Group said "the entire 500-crore project will be executed by Leighton Group from Australia, one of the world's biggest contractors. The facade of the project is inspired by Odisha's famous weave pattern and will use materials never before used in India." Forum Group has been investing in Odisha for over 35 years now. One of its group companies UAL is amongst the state's largest fibre cement sheet producers. Another company SAPL is in the process of setting up a Rs 2000 crore Titanium venture near Chhatrapur in Ganjam district.

Also Read

BSE Brokers' Forum to set up back office operations at GIFT City

DFPCL promoted Ishanya plans strategic turnaround in one year

India tumbles 11 places on competitiveness index

MeraEvents gets $1 million funding from Omics Group

CBI raids continue on 2nd day at AT group offices

Vedanta hopes to get over bauxite impasse in 3-4 months

Apple warned off iWatch after Italy start-up owns trademark

Mentor Capital sells majority of its stake in Panasonic Appliances

Nalco yet to decide on metal pricing for downstream units

GMDC acquires 100 hectares of land for alumina plant in Kutch

First Published: Oct 28 2014 | 9:10 PM IST

Explore News