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.