Page 4 - Phoenix Mills

Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose

The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).

Mall rentals, consumption push Phoenix Mills' consolidated Q1 PAT up by 40%

Q1 retail rental income up by 15% at Rs 2.4 billion; mixed performance in hotel vertical

Phoenix Mills to double mall portfolio

Recently, Phoenix Mills bought an under-construction mall in Indore's MR 10 area for Rs 235 crore

Phoenix Mills buys Indore mall for Rs 235 cr

The mall was bought in an auction conducted by JM Financial Asset Reconstruction Company

CPPIB, Phoenix Mills form investment platform

CPPIB will initially own 30% of the platform with an equity commitment of around Rs 724 crore

Phoenix Mills looks to sell stakes in two malls

Likely to use the proceeds to develop new malls as well as acquire new properties