The Rs 130-crore, 7.5 lakh square feet mall, Ishanya, positioned as a design centre and speciality mall, will finally be operational from end June. Ishanya, promoted by the Deepak Fertiliser and Petrochemicals Corporation, has already leased out close to 80 percent of its 5.5-lakh sq ft space. The balance 2.5 lakh sq ft has been given for parking, open spaces, water bodies and an amphitheatre, DFPCL VC & MD Sailesh C Mehta said.

He added 20 percent leaseable space has deliberately been kept vacant so that when clarity over FDI in retail emerges, they can attract some of the major brands. Mehta said the companies they are in talks with are in the lights and hardware space, including do-it-yourself specialists.

The project, which has overshot its earlier deadline, has found other streams of revenue besides lease rentals
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  • What's the latest trend in Malls?

    Is specialty mall a trend? There are several coming up in North India as well.
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