Blackstone-backed Nexus Select Trust is revamping Kolkata's South City Mall with a Rs 15-20 crore makeover, emphasizing entertainment zones, year-round events, and digital upgrades. The 1 million sq ft landmark, acquired for Rs 3,250 crore in mid-2025, aims to become eastern India's top activity hub within 12-18 months.
Revamp Vision
South City Mall, a 2008-launched retail giant with 150+ stores, largest food court, and Rs 1,800 crore annual turnover, will evolve beyond shopping into a family entertainment destination. Nexus Select, applying Blackstone's mall expertise, plans immersive experiences like hip-hop battles, sneaker showcases, and basketball games to boost footfall.
Key upgrades include a revamped façade, 3D anamorphic LED, efficient AC systems, and Rs 3-4 crore annual marketing. Sustainability features like 500 kWh solar panels, EV charging, and women/pregnant mothers' parking are already rolling out.
Key Highlights
Investment Breakdown: Rs 15-20 crore on refurbishments; Rs 7-8 crore on marketing over two years.
Digital Leap: Nexus One app-cum-loyalty program by March 2026; business intelligence for brand optimization.
Shopper Perks: Guaranteed takeaways (vouchers, coins), geotagging for parking, bag lockers.
Timeline & Scale: Full operations in 12-18 months; no closures during upgrade.
Sources: Telegraph India, Times of India, The Week.