The Phoenix Mills Ltd – Real Estate Developer Carved a Unique Niche
Phoenix Mills Limited is known to make a unique niche in booming real estate sector in India. Led by Atul Ruia, a young and dynamic Managing Director, along with his team of professionals, the Phoenix Group is looking forward to redefine the lifestyle of Indian residents by taking challenge to build entertainment complexes, mega shopping malls, hospitality units, and commercial spaces. The developer is determined to carve its unique presence which is felt in the country. The group has become the leader in transforming the mill landscapes into multipurpose, modern integrated townships.
The first multi-use hub developed by the Phoenix Mills Limited is High Street Phoenix which has been spread over 1.5 million sq. ft. of landscapes and it houses entertainment and retail, residential and commercial complexes. Currently, it has become the benchmark for developing entertainment and shopping hubs across the nation. The operations of the developer cover most of the real estate development, from execution, planning of upcoming projects and marketing to sales, management and maintenance of completed ones. The group has forayed into offering real estate in 8 mega cities of India by totaling 214 Lakh sq. ft. of landscapes, including Bangalore, Mumbai, Pune, Chennai, Agra, Raipur, and Indore.
The plan consists of entertainment complexes, retail units, hotels, commercial units, residential complexes and parking lots. The core of strength of the Phoenix Group is its team which is powered by its project planning, project management capabilities and amazing rollout plans. As the name suggests Ruia, comes from the phrase “Rui”, it means cotton, the corporate presence of Ruia family initiated with cotton business. The Dawn Mills, Phoenix Mills and Bradbury Mills were acquired by Mr. Ramnarain Ruia who firmly involved the family in textile business. The Phoenix Mills Ltd started its operations as a textile manufacturer. Eventually, the Group forayed into real estate market in the corporate hub, Mumbai. High Street Phoenix has been emerged as the most sought-after real estate destination in Mumbai. The developer has set unique benchmark and the success story and ideology of the developer is being renowned as the Market Cities in India.
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