JP Iscon Plans Gujarat’s Biggest Mall

JP Iscon, an Ahmedabad based real estate developer announced plans to construct a mall with over one million square feet of retail space, the biggest in Gujarat so far. It is expected to be operational in two years. Sources say they have acquired land in Ahmedbad.
JP Iscon is known to have developed over 35 lakh square feet of residential and commercial space in Gujarat. Though the location is not yet decided, it could be in suburban Ahmedabad, located either near South Bopal or Gota, locations close to Ahmedabad on the Sarkhej Gandhinagar Highway.

JP Iscon already operates a mall in Surat and Ahmedabad, with two in Rajkot. The success at these malls seems to have spurred the developer to go in for the mega project. According to the developers, retail space with an area of 1200 sq. ft sees a business of Rs. 2500 to Rs. 3000 per square feet per month. Ahmedabad is a promising destination for malls with a growth rate of around 20 percent according to the developers.