Date of Post: 11 Sep, 2017
New Delhi: Pacific India, has bagged a project from the DMRC (Delhi Metro Rail Corporation) to develop a shopping mall & multi-level car parking in the national capital at an investment of Rs 150 crore (approx US$ 23.4 Million).
Pacific India, bagged this project last month through a bidding process that saw participation from 2 other players.
- Pacific India Executive Director Abhishek Bansal said,”We have bagged a 4-acre project from DMRC to construct a shopping mall and multi-level car park at Netaji Subhash Place metro station in the national capital,” “We have paid Rs 40 crore to DMRC as upfront payment.”
- He said, the company would develop a 2.5 lakh sq ft shopping mall & multi-level car park with capacity of 500 cars, adding that mall would also have 9-screen multiplex.
- The total project cost is estimated at around Rs 150 crore including the upfront payment to DMRC, he said.
- Pacific India would have to pay Rs 2.5 crore rental monthly to DMRC.