Nexus Elante Mall is a shopping mall in Chandigarh, India. With a gross leasable area of 1,000,000 sq ft (93,000 m), it is the 7th largest shopping mall in Northern India and the 10th largest in India. Elante is spread over an area of 20 acres. It is part of a mixed use real estate development project by Larsen & Toubro has bought by Nexus Select Trust now called Nexus Elante Mall.
Features
Offices Building of Elante Mall
Nexus Elante Mall has a retail space area of over 1 million square feet. It has 2 main gates, one is on the big front entry and another one is on the back. It has 3 basement levels, a ground level and three upper levels. In the retail area, Nexus Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. The Mall has an 8-screen Multiplex of PVR Cinemas. On its top floor, the mall has restaurants, fast food joints and a Fun City for kids entertainment.
In 2013, the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid. The mall requires a 15MW power supply.
Acquisition deals
In September 2015, Mumbai-based Carnival Group bought Elante Mall, at a price of Rs 1,785 crore (more than US$ 274 million) making it one of the biggest deal for a single real estate or property in India at the time.
On 28 July 2017, Nexus Malls, a subsidiary of US-based global investment firm The Blackstone Group bought Elante Mall for an undisclosed amount. This is the second time Elante Mall is sold in two years.
