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Shopping Mall Assets for Sale in Chandigarh, India

2,145.13 square yards building in sector 17-Chandigarh.

Ownership Duration 50-60 year(s)
Industries Hospitals + 1 more
Locations  Chandigarh
Local Time 3:55 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Asset Sale
Asking Price: USD 23.5 million (Native Currency: INR 2,000,000,000)
Reason: The business owner wants to utilise the funds for his other business ventures. This is an advisor-li... View More
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Assets Description
- The property, currently non-operational, serves as a relic of the past, having previously functioned as an aging mall or theater within the bustling locale of Sector 17A in Chandigarh.
- Situated on a generous expanse of 2145.13 square yards, this property offers ample space for redevelopment and repurposing, with a considerable four-story structure, excluding the basement, presenting intriguing potential.
- The Floor Area Ratio (FAR) for this property stands at approximately 3, allowing for versatile construction possibilities and expansion.
- Remarkably, the property enjoys open access on three sides, contributing to its accessibility and potential for various uses.
- On the front side, there is a convenient parking area facing the prestigious Hotel TAJ, enhancing its practicality for customers and visitors.
- The presence of a backside parking area further adds to the property's functionality and accessibility.
- This property is under the ownership of a company, offering opportunities for corporate ventures or commercial development.
- Notably, there are no existing loans associated with this property, reducing financial encumbrances for prospective buyers or investors.
- Its strategic location within walking distance of Sector 17's shopping centre makes it an attractive prospect for retail and business ventures.
- Moreover, the property is conveniently located within walking distance of the city's largest Bank square, including the Reserve Bank of India, creating an ideal environment for financial and banking-related activities.
- Furthermore, it is within a short walking distance from various government offices, such as the Estate Office and Municipal Corporation, making it an appealing option for government-related projects or services.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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