Who is the owner of North Country Mall?
NCM Mall, Mohali – Current Owners North Country mall located on Chandigarh – Kharar road is currently owned by US-based global real estate developer-cum-investor, JJ Gumberg and a private equity fund Sun Apollo, which has now being renamed as Lapis India Capital.
What is the full form of VR Punjab?
CHANDIGARH: North Country Mall’s name has been rechristened as VR Punjab. Virtuous Retail South Asia (VRSA) that recently acquired the mall for Rs 700 crore from Sun Apollo-Gumberg announced the new identity of the mall in the Chandigarh Capital Region.
In which sector is Elante Mall?
The Best Place to Hangout in Chandigarh. Huge mall, pvr cinemas, enormous food court and with the most classy brands in store, this has to be the best of Chandigarh. This is huge, and you surely do not want to miss this.
What is best for shopping in Chandigarh?
Best Shopping Markets in Chandigarh to Explore
- Shastri Market, Chandigarh.
- Punjab Government Emporium, Chandigarh.
- Furniture Market, Chandigarh.
- Shopping Plaza, Chandigarh.
- Rehri Market, Chandigarh.
- Sadar Bazaar, Chandigarh.
- Sector 11 Market, Chandigarh.
- Krishna Market, Chandigarh.
Which is the biggest mall in Chandigarh?
North Country Mall, one of the biggest and the largest mall located on the Chandigarh Kharar Road has been sold for Rs. 700 crore. The famous North Country Mall has been acquired by VRSA (Virtuous Retail South Asia), a company based in Singapore.
Who bought North Country Mall Mohali?
Virtuous Retail South Asia, the Singapore company that bought North Country Mall is a developer-cum-operator of lifestyle shopping malls. The deal for NCM, Mohali was struck for Rs. 700 crore. The North Country Mall had opened four years ago in the year 2013 and VRSA bought the mall from Sun Apollo-Gumberg on 02nd May, 2017.
Why North Country Mall is now called VR Punjab?
With the new acquisition, VRSA made its presence felt in north India, adding to its existing portfolio of community-centric centres in VR Surat and VR Bangalore. Going by the same pattern North Country Mall has been renamed as VR Punjab which has phonetic recognition to We are Punjab.