The Phoenix Mills Confined (PML) is India’s top retail-led combined-use developer, recognized for developing and running superior-high quality buying malls, commercial spaces, residential complexes, and lodge ecosystems.
Historic Journey
Launched in 1905 being a textile mill over a 17.3-acre plot in Lower Parel, Mumbai.
Listed on the Bombay Inventory Trade in 1959.
Following the mill was shut down inside the 1990s, the company transitioned into real estate development and released Significant Road Phoenix in 1996.
Significant Retail Projects
Superior Road Phoenix, Mumbai – Launched in 1996, with three.three million sq. ft. of mixed-use House together with browsing, enjoyment, resorts, and residences.
Palladium Mall, Mumbai – Opened in 2007; a flagship location for luxurious retail in India.
Phoenix MarketCity – Recognized in towns like Mumbai (2011), Pune, Bengaluru, and Chennai, offering quality retail and enjoyment ordeals.
Palladium Ahmedabad – A recently launched luxurious mall (2023) with about 220 shops across 6 flooring.
Growth Throughout Metropolitan areas
PML is currently producing an extra five.5 million sq. ft. of retail House in Indore, Ahmedabad, Bengaluru, and Pune.
Industrial & Household Segments
Industrial Areas: Grade-A Office environment developments like Art Guild Household (Mumbai), Asia Towers (Bengaluru), and Millennium Towers (Pune) with a total region of three.24 million sq. ft.
Inns & Residences: Partnered lodges such as St. Regis and Courtyard by Marriott, and quality household projects like A person Bangalore West.
Enterprise Product & Monetary Performance
Core profits resources: Rental cash flow, gross sales, and hospitality companies.
In FY24, rental income rose by 27%, and with robust Charge Manage and tech financial commitment, EBITDA grew by 44% and PAT by 62%.
Strategic partnerships with world-wide buyers like CPP Investment Board and GIC are driving sustained expansion.
Vision & Values
Eyesight: "To shopping mall developers develop enduring shareholder value" by means of iconic and significant-accomplishing developments.
Values: Sustainability, high quality excellence, and constant enhancement for each worker and buyer gratification.
Summary
The Phoenix Mills Confined exemplifies a remarkable transformation—from a historic textile mill to India’s biggest retail-led mixed-use property developer. With above one hundred twenty several years of legacy, PML’s initiatives span India’s big metros and go mixed use development companies on to mature, with new developments prepared in Indore, Ahmedabad, and Kolkata. The corporation continues to be within the forefront mixed use developer of India’s city evolution.
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