WORLD’S LARGEST MALL

GMADA to get feasibility study done

Mohali, December 21
The Greater Mohali Area Development Authority (GMADA) has decided to get a feasibility study done before going ahead with the proposal of coming up with the world’s largest mall in Sector 62 here.

According to sources, the decision of getting the feasibility study done was taken at a meeting of the development authority held on Saturday under the chairmanship of Punjab Chief Minister Parkash Singh Badal. The help of a project management consultant will be taken in this regard.

The sources said that the authorities concerned were a little apprehensive about the major project and wanted to know the exact requirements of the area before giving the green signal to the world’s largest mall. A very large mall, measuring about 20-lakh square feet, was coming up in Chandigarh and was being set up by L&T. As such GMADA authorities now wanted to know whether big business houses would be interested in purchasing space in the Mohali mall as well when they had already spent huge sums in getting unit for themselves in the Chandigarh mall. The project was likely to be executed only when the GMADA authorities were sure that almost the entire area would be sold out.

GMADA officials said that there was a proposal to set up a mall in Sector 62, spread across 5.7 million square feet . The largest mall at present was in the USA which was spread over an area measuring 4.2 million square feet. They were of the view that it would not be difficult for the development authority to sell out the space in Mohali’s city centre.

GMADA had proposed to set up the mall in 76 acres and had come out with 1,400 units of different sizes for office and commercial use. The use of the units like restaurants, shops, cinemas, hotels, exhibition halls, etc, would be defined by the authority. An amusement park, spread over an area of 20,000 square feet, had also been proposed as part of the largest mall. The estimated construction cost of the project was Rs 2,350 crore.