Forum Group to invest Rs 500 cr in building Bhubaneswar's biggest mall

Mall to be ready in March 2018; Cinepolis to be one of the key anchors

Kolkata-based Forum Group has firmed up an investment of Rs 500 crore to build the biggest mall of Bhubaneswar. The mall would be spread over 0.9 million sq ft and would have a built-up space of 450,000 sq ft.

The group has key business interests in retail, real estate and entertainment. 

The project, termed ‘Forum Esplanade’, is coming up at one of the strategically located areas in the city and is being built by Leighton, a major construction and contracting company based out of Australia. It would house around 150 operators in sectors like retail, food and entertainment. Further, the mall would count Mexican multiplex chain Cinepolis as one of its key anchor tenants. Cinepolis has committed a seven-screen multiplex with a seating capacity of 1,250. Retail chains like Lifestyle, Max and Home Centre would also set up shop in the mall complex.

  

“The Forum Esplanade project is expected to be completed by March 2018. By June this year, we are hopeful of finalising the leasing space for the mall,” said Rahul Saraf, managing director, Forum Group.