The Phoenix Mills Limited announced the opening of its fourth Phoenix Marketcity mall at Chennai. Phoenix Marketcity, Chennai is a mixed use development undertaken by Classic Mall Developers Private Limited. Phoenix Marketcity, Chennai comprises of a retail mall with leasable area of approx 1 Mn Sq.

ft. and a residential development of 0.26 Mn Sq. ft.

and is part of a 16.5 acre land parcel. The other developments on this land parcel include two residential projects aggregating to 0.6 Mn Sq. ft.

of saleable area and a luxury retail mall with 0.2 Mn Sq. ft. leasable area, currently being developed by two other SPVs of PML.

Phoenix Marketcity, Chennai has an upscale catchment with premier landmarks like The Raj Bhavan, HT Chennai, Guindy National Park and Guindy Race Course within close proximity. The mall will host close to 260 international, national brands across diverse categories like Apparels, Accessories, Footwear, Electronics, Entertainment, and Cosmetics to mention a few. Lifestyle, Pantaloon, Globus, Big Bazaar, Croma, Reliance CDIT, Funcity and Home Stop are just a few of over 20 anchors in the mall.

Phoenix Marketcity Chennai also boasts of an 11 screen multiplex operated by Sathyam Cinemas with a capacity of 2,450 seats. The mall has witnessed strong leasing traction with over 95% of the area already leased out at an average rental of INR 100 per Sq. ft.

per month.