Key Points
Noida-based DS Group, the maker of Rajnigandha pan masala, is planning to bid for the Great India Place Mall (also known as GIP) for Rs 2,000 crore, Mint reported on Tuesday, citing sources..
Developed on 147 acres, the complex comprises various malls and vacant space, which the report said can be used to build commercial or residential buildings..
The GIP, which was once among the biggest malls in Delhi-NCR, was jointly developed by the Appu Ghar Group and the Unitech Group..
Last month, a top executive of the group said that the company was planning to add three new properties with a capex of Rs 500 crore in the next 3 years..
We are planning to add another three hotels to our portfolio with a capex of Rs 500 crore in the next three years," DS Group vice chairman Rajiv Kumar told news agency PTI..
