Realty player Suncity Projects today announced its plans to develop four retail cities in the country with an investment of around Rs 2,000 crore by 2011.The retail cities, under the brand name ‘Jewel of India’ would come up at Greater Noida, Indore, Jaipur and Mohali.
The first of these cities would become operational in Jaipur by 2011 and would be spread over an area of 40 lakh square feet. It would house premium retail brands like Lifestyle, Shoppers’ Stop, Pantaloon and Westside among many others.
Beside retail area, these cities would also house hotels, office places and entertainment zones.
Suncity Projects VP (Retail) Vijay Arora told, “This is one of the most ambitious projects in the retail space. ‘Jewel of India’ will house some of the most prominent brands of the country along with local handicraft of the region and will redefine the entertainment criteria for the customer”.
Further he added, The Jaipur retail city would house Johari Bazaar showcasing traditional Rajasthani jewelry, a five star hotel, business suites, food courts, six-screen multiplexes, besides other entertainment segments.