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Inorbit Malls expands footprint with acquisition of Prozone malls in Coimbatore and Chhatrapati Sambhaji Nagar

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Inorbit Malls expands footprint with acquisition of Prozone malls in Coimbatore and Chhatrapati Sambhaji Nagar

Inorbit Malls expands footprint with acquisition of Prozone malls in Coimbatore and Chhatrapati Sambhaji Nagar

Rajneesh Mahajan, CEO, Inorbit Malls (India), said ,"The acquisition marks an important milestone in the company’s growth journey."

Inorbit Malls has completed the acquisition of two mall assets previously operated by Prozone Realty Limited in Coimbatore and Chhatrapati Sambhaji Nagar , marking a significant expansion of its retail footprint across India’s emerging regional markets. The acquisition strengthens Inorbit’s presence beyond its existing markets and adds two prominent retail destinations to its portfolio. The Coimbatore mall offers a large-format, horizontally designed retail environment catering to the city’s growing consumer base. The Chhatrapati Sambhaji Nagar property holds strategic importance as the city’s only shopping mall, giving it a strong catchment across the Marathwada region. Both assets are among the larger horizontally designed shopping malls in India. Advt

Rajneesh Mahajan, CEO, Inorbit Malls (India), said ,"The acquisition marks an important milestone in the company’s growth journey." With the acquisition, Inorbit Malls has expanded its asset base from four to eight properties within a year, while its total gross leasable area has crossed 5 million sq. ft. The company plans to integrate the newly acquired assets into the Inorbit ecosystem, with a focus on retail curation, operational efficiency, customer experience and unlocking the potential of the two regional markets. Mahajan added that Inorbit will continue to evaluate opportunities that align with its strategy of building consumer-led retail destinations combining retail, experiences and community across markets in India.


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