Palava City is a pioneer of grand living, India’s first smart city developed by the Lodha
Group. With the aim of providing every possible amenity and comfort to the residents,
Lodha Palava City has been designed to have everything within the city. This includes
means of entertainment for children and adults alike.
Built with the aim of providing its residents an easy way to shop and hang around with
family and friends, Lodha Group constructed the massive Xperia Mall spread over
500,000 square feet. There are 135 stores here including clothing brands like Marks &
Spencer, Big Bazaar, Reebok, Allen Solly, Adidas and Biba as well as restaurants and
food chains like McDonald’s, Moti Mahal and Subway. PVR’s 6 screen multiplex lets you
watch your favorite cinemas while the spacious kids’ play area provides them with
hours of fun.
Palava Lakeshore Greens, a residential complex developed in Palava is located in close
proximity to the mall and benefits its residents. As the people await more stores
opening here, there is good news.
Global investors like Blackstone Group, GIC Private Limited owned by the Singapore
government and Xander Group have expressed interest in acquiring the mall from
Lodha developers. The strong performance of Xperia Mall and its popularity among the
residents is seen as factors for this move. When finalized, the deal could be in the range
of 600 – 700 crores for a partial stake in the mall. This step will be help the Lodha Group
develop the mall and attract more customers.
Investment in malls has been increasing steadily, with an increase in demand after a
period of lull and slow growth. The Blackstone Group has already been busy investing in
many top brands and shopping malls in Mumbai, Ahmedabad, Amritsar, Chandigarh and
Pune. GIC has similarly been busy investing in Runwal Group’s R City mall in Ghatokpar
as well as in Viviana Mall in Thane. Xander Group Inc is also a global investment firm
that looks out for profitable ventures to acquire.
What does all this have to do with someone interested in buying an apartment in Palava
City? How will this prove that Palava is truly a great place to invest in? Let us first
analyze the logic behind three investment giants being interested in spending money on
Xperia Mall. As astute analysts, such firms would only invest in ventures that are
attractive and can be profitable for them in the long run.
If Xperia Mall has been considered worth investing by three top firms, then it can also
be reasoned that they expect more visitors to the mall in the next few years. This will
happen if more people choose to own houses in Palava City. We assume that people
don’t randomly choose a location to buy a house and thoroughly research it in all
aspects. So, after analyzing its advantages and checking reviews of Palava City, there are
many people who are choosing to move in here soon. If you’re waiting to buy your
dream home, it’s time you consider Palava City too! Read, visit, research and decide!