According to a press release issued to the BSE, the company has acquired a plot situated at 27, Kasturba Gandhi Marg through a recently formed subsidiary "Primetime Realtors Pvt Ltd" and is proposing to build luxury shopping and state-of-the-art offices.
The development activity would start immediately after obtaining all necessary approvals.
The mall will offer a mix of fashion, lifestyle and entertainment. The luxury mall will showcase host of selected major International and Indian luxury brands, across categories such as apparel, jewellery, accessories, home and electronics.