Elante Mall

2021-10-09T02:49:29Z

2409:4063:6C96:F8DB:0:0:B208:B100:

{{Use dmy dates|date=February 2017}}
{{Use Indian English|date=February 2017}}
{{Infobox shopping mall
| name = Elante Mall ( Nexus Malls )
| image = Elante Mall, Chandigarh.jpg
| image_width = 230px
| caption = Main entrance of the Mall
| location = [[Chandigarh]], [[India]]
| coordinates = {{coord|30.706|76.801|display=inline,title}}
| address = 178, Industrial Area, Phase 1
| opening_date = April 2013
| closing_date =
| developer = [[L&T Realty]]
| manager =
| owner = Nexus Malls
| architect =
| number_of_stores =
| number_of_anchors =
| floor_area = {{cvt|1,150,000|sqft}}
| parking = Multilevel
| floors = 4 + 1 basement level, of retail area
| website =
| belowstyle =
| footnotes =
}}

'''Elante mall ( Nexus Malls )''' is a shopping mall in the city of [[Chandigarh]] in [[India]]. With the gross leasable area of {{cvt|1,000,000|sqft}}, it is the 7th largest shopping mall in Northern India and the 10th largest in India.<ref>{{cite web |url=http://dailypost.in/chandigarh/1644-elante-s-generators-trip-6-hr-blackout |title=Archived copy |access-date=2015-08-20 |url-status=dead |archive-url=https://web.archive.org/web/20151117033558/http://dailypost.in/chandigarh/1644-elante-s-generators-trip-6-hr-blackout |archive-date=17 November 2015 |df=dmy-all }}</ref><ref>{{Cite web|url=http://archive.indianexpress.com/news/chandigarh-gets-its-largest-mall-elante/1097564/|title=Chandigarh gets its largest mall Elante - Indian Express|website=archive.indianexpress.com}}</ref> Elante is spread over an area of 20 acres. It is part of a mixed use [[real estate development]] project by [[Larsen & Toubro]] called Elante.<ref>{{Cite web |url=https://www.lntrealty.com/elante-office-space.aspx |title=Archived copy |access-date=20 August 2015 |archive-url=https://web.archive.org/web/20150921231407/https://www.lntrealty.com/elante-office-space.aspx |archive-date=21 September 2015 |url-status=dead }}</ref>

==Features==
[[File:Offices Building of Elante Mall.jpg|thumb|Offices Building of Elante Mall]]
Elante Mall has a retail space area of over 1 million square feet. It has 2 main gates, one is on the big front entry and another one is on the back. It has 3 basement levels, a ground level and three upper levels. In the retail area, Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. The Mall has an 8-screen [[Multiplex (movie theater)|Multiplex]] of [[PVR Cinemas]]. On its top floor, the mall has restaurants, fast food joints and a Fun City for kids entertainment.

In 2013, the mall was found to be burning 6000 litres of diesel daily due to a lack of electricity connection to the grid. The mall requires a 15MW power supply.<ref>{{cite news |url=http://www.tribuneindia.com/2013/20130407/cth1.htm#5 |title=Elante mall spends Rs 3 lakh daily to light up its premises |date=7 April 2013 |access-date=9 February 2017}}</ref>

==Acquisition deals==
In September 2015, [[Mumbai]]-based Carnival Group bought Elante Mall, at a price of Rs 1,785 crore (more than US$ 274 million) making it one of the biggest deal for a single real estate or property in India at the time.<ref>{{Cite web|url=https://www.dnaindia.com/business/report-mumbai-s-carnival-group-buys-lt-s-chandigarh-mall-for-a-whopping-rs-1785-crore-2130861|title=Mumbai's Carnival Group buys L&T's Chandigarh mall for a whopping Rs 1,785 crore|first=DNA Web|last=Team|date=2 October 2015|website=DNA India}}</ref>

On 28 July 2017, Nexus Malls, a subsidiary of US-based global investment firm [[The Blackstone Group]] bought Elante Mall for an undisclosed amount.<ref>{{Cite web|url=https://www.tribuneindia.com/news/archive/chandigarh/blackstone-group-backed-nexus-malls-buys-chandigarhs-elante-mall-443023|title=Blackstone Group-backed Nexus Malls buys Chandigarh’s Elante Mall|first=Tribune News|last=Service|website=Tribuneindia News Service}}</ref> This is the second time Elante Mall is sold in two years. Experts consider this as a top league deal which has been made in real estate history in India.

==See also==
* [[Larsen & Toubro]]
* [[L&T Realty]]

==References==
{{reflist}}

{{Shopping malls in India}}
[[Category:Shopping malls in Chandigarh]]
[[Category:2013 establishments in Chandigarh]]
[[Category:Shopping malls established in 2013]]

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Elante Mall