As part of the agreement, 32,000 sqft of space at the Opulent Mall would be rented to Bharti Retail, where it would set up its retail store.
"This is in line with our long-term plan of being a leading retailer in the region. Opulent would offer the best variety and value across product segments and services," SVP Chairman and Managing Director V K Jindal said.
SVP also said it has signed two other separate agreements with PVR for construction of a three-screen multiplex of 32,000 sqft and with Max Lifestyle for a 10,000 sqft anchor store at the 3.5 lakh sqft Opulent Mall in Ghaziabad.
The 3.5 lakh sqft mall is spread across 2.5 acre of land and the project cost is Rs 100 crore, including cost of land and construction.
After the new agreements, Opulent Mall, which would be opened in March 2009, would now have 45,000 sqft of retail area, 25,000 sqft in food court, besides the 32,000 sqft multiplex.
