KOLKATA: It doesnt get more central than this, perhaps. Pantaloon Retail is learnt to have zeroed in on the Haji Ali area in south Mumbai to set up its first Central Mall in the city. And the grapevine has it that the location would be none other than Crossroads, the countrys first mall and a landmark in Mumbai.
A few months back, there was a strong rumour that the Ashoke Piramal group had sold off Crossroads, the countrys first mall and a landmark in Mumbai, to Kshitij Real Estate Fund — owned by Pantaloon and a foreign private equity fund. The figure at which the deal was sealed also varied. While some put it at around Rs 400 crore, others pegged it at a conservative Rs 250 crore.
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