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Private Sector | Multi State - India | PID: 77744
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Entertainment World Developers (EWD), A Tier-II Focused Retail Infrastructure Provider, Plans To Set Up Four Malls Across 2.1 Million Square Feet At Ujjain And Jabalpur In Madhya Pradesh As Well As Bhilai And Raipur In Chhattisgarh By The End Of This Fiscal
The Company Has Two Operational Malls In Indore (M.P.) And One In Nanded (Maharashtra) With 1.5 Million Sq. Ft Of Leasable Area
EWD Has Also Launched Two Residential Projects At Indore And Received Bookings Worth Rs 204 Crore In The First Few Months Of Its Launch. It Will Go In For Another Residential Project In Indore And Raipur By The End Of The Year
The Company Has Envisaged Developing 23 Million Sq. Ft In 11 Cities Spread Across Seven States Entailing An Investment Of Rs 3,500 Crore. It Had Raised Rs 800 Crore By Divesting 40 Per Cent Of Its Stake To Phoenix Group And ICICI In 2006, While The Promoters Pumped In Rs 200 Crore. EWD Has Also Tied Up Debt Worth Rs 1,000 Crore Through Various Banks, While The Balance Funds For The Project Will Be Raised Through Internal Accruals
| Updated on: 18 - Jun - 2010
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