“This acquisition is a part of asset creation for the group as an investment portfolio. It is  based in New York City and largest alternative investment firm in the world. Chandigarh to get India’s First Air Taxi Services. Organised by Elante Mall, the 11-day carnival, which is aimed at promoting “learning through fun” among kids, proved to be a huge hit among children from the region, attracting them in large numbers through interesting games and exciting workshops. Spread over 20 acres, Elante Mall is the largest mall in entire northern India. The deal includes Elante Mall, Hyatt luxury hotel and business park, set up on over 21 acres here. In September 2015, Mumbai-based Carnival Group bought Elante Mall, at a price of Rs 1,785 crore (more than US$ 274 million) making it one of the biggest deal for a single real estate or property in India at the time. The property includes Elante Mall, Hyatt luxury hotel and office premises with central courtyard. ft., the largest in Chandigarh. In September 2015, Mumbai’s Carnival group purchased the popular mall of beautiful city Chandigarh-Elante mall at a price of Rs. They bought InfoParks at Cochin and Trivandrum and their third acquisition in realty was the Elante Mall, the largest in Chandigarh, for a whopping Rs 1,785 crore. This December is all about good vibes. Nadu, West The deal includes Elante Mall, Hyatt Luxury hotel and office space with a central courtyard, the privately held media and entertainment group said in a statement. & Sweets & Ice cream, Food Social. Care Services, Home Mumbai-based Carnival Group has agreed to acquire engineering and construction firm Larsen & Toubro Ltd's commercial real estate projects in Chandigarh for Rs 1,795 crore (around $267 million). MUMBAI: Carnival Group has acquired Larsen & Toubro’s commercial real estate project in Chandigarh at a deal value of Rs 1,785 crore, the former said in a release. The deal size is expected to […] Enter your email address associated with your Franchiseindia account and we'll send you a link Features. Wheeler, Heavy Elante Mall Chandigarh Owner – Blackstone Group (Nexus Malls) now … Carnival Group has acquired Larsen & Toubro’s commercial project, which includes Elante Mall, Hyatt luxury hotel and office with central courtyard. The largest engineering and building company in India Larsen & Toubro Limited (L&T) hand over its Chandigarh property Elante Mall for a very large Rs 1785 crore to the Carnival Group. Blackstone is a US-based private equity firm which has expressed its interest in buying Carnival Group’s property in Chandigarh. The property includes Elante Mall, Hyatt luxury hotel and office premises with central courtyard. In the retail area, Elante Mall hosts retailers of various Indian and international brands, a food court and a courtyard full of cafes. Mumbai, September 30 Mumbai-based Carnival Group today said it had acquired Larsen & Toubro’s commercial real estate projects in Chandigarh for a whopping Rs 1,785 crore. In 2015 India’s biggest construction company Larsen and Toubro Limited has sold Elante Mall to the Carnival Group for Rs. Carnival Group. MUMBAI: Carnival Group has acquired Larsen & Toubro’s commercial real estate project in Chandigarh at a deal value of Rs 1,785 crore, the former said in a release. Elante Mall spread over 20 acres and it is the second largest shopping mall in Northern India and the eleventh largest in India. The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm. Carnival Group acquires LT's realty projects for 1,785 cr The deal includes the largest mall in Chandigarh Elante Mall, Hyatt luxury hotel and office premises with central courtyard. Where: S.C.O. First from L&T to Carnival Group and now the real estate giants are again in the final leg of negotiations to shift ownership of Chandigarh’s iconic Elante Mall to Blackstone. Executive - Event Operations Wizcraft International Entertainment Pvt. Carnival Group buys L&T's Chandigarh realty project for Rs 1,785 crore 30 Sep, 2015, 02.04 PM IST. Elante Mall Chandigarh is sold for the second time in two years. Onelife Live It Right was incepted and successfully launched.. About Us: Sources said L&T sold its prime property to bring down its debt which on March 31 stood at Rs 90,698.61 crore. Elante Mall, Chandigarh is for Sale ‘Carnival Group’ is the current owner of Chandigarh’s most popular shopping mall-Elante. Carnival Group announced the acquisition of a commercial real estate project of L&T Group in Chandigarh for a deal value of Rs 1,785 crore. Age Group: Below 14 years Chandigarh. It has 2 main gates, one is on the big front entry and another one is on the back. Carnival Group buys Chandigarh’s largest mall Elante for Rs 1785 crore. Event Planning & Execution Brand management . Machinery, Lathe & Tools, Books 2200 crore, to Blackstone. Elante Mall has a retail space area of over 1 million square feet. Chandigarh In Mall Events, Branding & Event Space Booking, Vendor Management, Decor, Drive initiatives to increase the footfall etc. Junior Engineers is.. About Us: It also acquired Glitz Cinemas, which was a part of Capital 18, a subsidiary of Mukesh Ambani's Network 18 Media. Carnival Group acquired Larsen & Toubro Limited’s commercial real estate projects, Elante Mall, Hyatt Luxury hotel and office space with a central courtyard at Chandigarh. The deal in Chandigarh is the group’s third real-estate acquisition, after Leela Infopark in Kochi in July 2014 and Leela Technopark in Thiruvananthapuram in August 2015. Timings: 12pm onwards. This private eqiuty player Blackstone has invested around $6 Billion till now and again they are ready to invest to buy Elante Mall. The deal includes the largest mall in Chandigarh Elante Mall, Hyatt luxury hotel and office premises with central courtyard. The deal in Chandigarh is the group’s third real-estate acquisition, after Leela Infopark in Kochi in July 2014 and Leela Technopark in Thiruvananthapuram in August 2015. Pradesh, Herbal, Ayurvedic, Homeopathic & Natural Care Products, Builders Hardware - Knobs, Handles, Fittings, Furniture For Household Bed, Modular Kitchen, Doors, Windows, Floorings, Panels, Laminates, Plumbing, Sanitary Ware And Bathroom Fittings, Bed Linen Bed Sheet, Pillow Cover, Quilts, Gear Boxes, Reduction Gears & Gear Cutting, Fire Fighting & Fire Protection Equipments, Pollution Control & Monitoring Equipments, Universities (including Overseas Franchises), Aviation & Hospitality Training Institute, Logistics Packers & Movers (inter/intra City), Personal Trainer (fitness/health Recovery), Mobile & Communication/Internet Connections, Carnival group acquires Chandigarh’s Elante Mall. this website or any part thereof, rendering professional advice or services. taking any action that might affect your finances or business, you should consult a qualified Care, View Carnival Realty. use of the website, kindly visit www.franchiseindia.com/terms. It was in September 2015 that Mumbai-based Carnival Group had bought over Larsen and Toubro's Elante Mall for Rs 1,785 crore. Carnival Group buys Chandigarh’s largest mall Elante for Rs 1785 crore. Education, View Recently acquired Elante Mall with its retail space of over 1.5 million sq. Sources disclose that Carnival Group had an objective to book profit, thus they must have sold Elante Mall to Blackstone for a whopping amount of over Rs 2000 crore. Network with the growing Business Community to get expert interventions to let you learn to Grow & Expand your Business with Franchising. [ Key Plan The mall located at 178, Industrial Area, Phase- I, Chandigarh. Elante Summer Kids’ Carnival Details. 1,785 crore. The property includes Elante Mall, Hyatt luxury hotel and office premises with central courtyard. It has 3 basement levels, a ground level and three upper levels. This season comes with many delicious foods, a lot more shopping and amazing music! Carnival Group has grown exponentially, since our inception in 2007. Aesthetically.. About Us: Mumbai-based Carnival Group said it has acquired Larsen & Toubro's commercial real estate projects in Chandigarh at a whopping Rs 1,785 crore. With respect to It attracts a large crowd from Chandigarh and also from the neighboring states on weekends. Carnival Group acquired Larsen & Toubro Limited’s commercial real estate projects, Elante Mall, Hyatt Luxury hotel and office space with a central courtyard at Chandigarh. Assistant Operations Manager - Marketing Department - Elante Mall Carnival Group. Elante Mall Owner. 16000 (305) 599-2600 ext. Add ‘Dil Tuta Aashiq- Chai Wala’ Cafe to your Pitstop while visiting Dehradun, Get Ready to Hail a Cab, in the Air! Gurgaon, India. A.C. Dinesh, director of finance, Carnival Group said, referring to the Chandigarh deal. In September 2015, Mumbai’s Carnival group purchased the popular mall of beautiful city Chandigarh-Elante mall at a price of Rs. For 24-hour media inquiries and access requests, please contact: (800) 438-6744 ext. About Elante Summer Kids Carnival. After carving a niche in Bangalore, Delhi and Mumbai, ‘Social’ has arrived in Chandigarh. Elante Mall Chandigarh Owner – Blackstone Group (Nexus Malls) now … ONE OF THE BIGGEST DEAL FOR A SINGLE REAL ESTATE OR PROPERTY IN. Chandigarh. Danish architecture firm Bjarke Ingels Group (BIG) (previously here… Share your videos online with friends. Elante Summer Kids’ Carnival Details. Ltd. A flea market to let you shop from the best deals on the best brands, taste the best food and listen to the best music at your favorite destination, Elante Mall! Mumbai, September 30 Mumbai-based Carnival Group today said it had acquired Larsen & Toubro’s commercial real estate projects in Chandigarh for a whopping Rs 1,785 crore. The deal in Chandigarh is the group’s third real-estate acquisition, after Leela Infopark in Kochi in July 2014 and Leela Technopark in Thiruvananthapuram in August 2015. Event Planning & Execution Brand management . & Rental, Tourism Carnival Group acquires LT's realty projects for 1,785 cr The deal includes the largest mall in Chandigarh Elante Mall, Hyatt luxury hotel and office premises with central courtyard. Elante Mall ( Nexus Malls ) is a shopping mall in the city of Chandigarh in India.With the gross leasable area of 1,000,000 sq ft (93,000 m 2), it is the ten largest shopping mall in Northern India and the seventh largest in India. https://www.youtube.com/watch?v=vSwM0K90Pdg. And we're ready to make it even happier with Christmas Carnival! Education, Online Executive - Event Operations Wizcraft International Entertainment Pvt. All >, Advertisement It has an entertainment zone with multiplex, food court, Hyatt Hotel and office premises with a central courtyard spread across 20 acres. Larsen and Toubro (L&T) Mall owner and creator sold Elante Mall to Carnival group for a record amount of Rs 1785 Crore in 2015. college of events and media pune. “This acquisition is a part of asset creation for the group as an investment portfolio. 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