 "Tata forays in Amritsar with commercial project")
With an overall investment of Rs. 510 crore, this is one of the major projects of the realty arm of the group to be commenced in this part of the country.
This is an important development in the context of the avid interest showed by the group and the visit of the senior management of the group to Chandigarh on the invitation of Deputy Chief Minister Sukhbir Singh Badal last month
More From This Section
Located in the heart of Amritsar at Circular Road, Trilium will house a 5 star hospitality property – ‘Vivanta’ by Taj, and upscale commercial and residential complexes besides the retail mall.
Talking to Business Standard, Sanjay Ubale, Managing Director & CEO, Tata Realty And Infrastructure Ltd said that they were planning a mix use commercial project in Chandigarh and Ludhiana. He conceded that the land price was exobitant in north, so they may go for joint venture with the land owners and develop the project.
"The Land Acquisition bill is applicable on the projects requiring land more than 100 acre, so we may not need to acquire for the Chandigarh project", he added.
Telling about the Amritsar project Ubale said the renowned international architectural firm – RTKL, USA desined it , ‘Trilium’ will offer best-in-class technology. He added that the mall is one of the few Indian malls that are compliant with LEED guidelines and is earthquake resistant. It is spread over 5.54 acres with 700,000 square feet of shopping area which will cater to multiple needs, all under one roof.
Trilium will offer a diverse blend of retail and entertainment arenas that include a Food Court with over 800 seating capacity, a 6-screen Multiplex, Hypermarket, Departmental stores, family entertainment centre, 800 pax Banquet facility, Marriage specific retail theme, Wellness centres, Home concepts, Micro-brewery, Gym and spa, Fine Dining, Landscaped central civic space, and 2-level basement Parking for over 1200 cars.