Markets

Vivacity raises Rs 450 cr from Indiabulls Finance

Our Bureau Mumbai | Updated on July 09, 2012 Published on July 09, 2012

Vivacity Mall, promoted by Sheth Developers and Realtors India Ltd, today announced that it has received funding of Rs 450 crore from Indiabulls Finance.

Vivacity will use the funds for the repayment of the existing debt and towards the completion of the mall.

The complete leasing of the mall’s retail space before commencement with more than 30 brands in the waiting list is an industry benchmark in itself.

Spread across an area of over one million sq ft, Vivacity is the brainchild of Mr Ashwin Sheth who has been instrumental in bringing together a team of best-in-class professionals on the project to ensure that both the retailers’ and the consumers’ interests are well taken care of.

The mall is set to become one of the largest malls in the country and will offer world-class shopping experience to its customers with a great combination of shopping, movies and entertainment with a perfect mix of international, domestic and local brands.

Vivacity is strategically located to cater to the catchments area of Thane, Mulund, Powai, Ghatkopar and other central suburbs of Mumbai.

Published on July 09, 2012
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