Ownership of Express Avenue Mall in Royapettah, Chennai
Located in the heart of Chennai's bustling Royapettah area, the Express Avenue Mall is a prominent real estate development owned by the renowned Indian Express Group. This comprehensive article delves into the complex ownership history and current management of the mall, providing valuable insights for potential visitors and local enthusiasts.
History and Ownership
The land that now houses the Express Avenue Mall was formerly part of the Express Estates. This vast property was once home to numerous outdated and dilapidated structures, including some iconic scenes from the Hindi film 'Guru' famously shot there. Over the years, extensive real estate development transformed the area, making way for state-of-the-art shopping and entertainment facilities.
The current owner of Express Avenue Mall is a subsidiary of the Indian Express Group, known as Express Infrastructure Private Limited. This family-owned conglomerate, led by the Goenka family, has been instrumental in shaping the landscape of retail and real estate in Tamil Nadu. The Indian Express, one of the largest English-language newspapers in India, and its sister publication Dinamani, have also contributed significantly to the cultural fabric of Chennai.
Real Estate Development
The Express Group’s development of Express Avenue Mall represents a significant real estate project. The mall features a diverse range of retail shops, entertainment options, and dining establishments. It offers extensive space for leisure and recreation, making it a crucial part of the local retail and cultural scene. The combination of modern architecture and the preservation of some historical elements makes the mall a notable destination in Royapettah.
Operational Details
For those interested in the operational aspects of the mall, management, operations, and tenant information, the Express Group is always accessible. The mall often has a team dedicated to addressing customer queries and ensuring a seamless shopping experience for visitors. Additionally, the Express Group might be contacted for any business-related questions or updates regarding future developments.
Disputes and Legal Issues
Like many large-scale real estate projects, the development of Express Avenue Mall has not been without its challenges. Historically, there have been disputes and legal processes related to property rights and development. These issues have often led to property splits and restructuring efforts. Despite these challenges, the final outcome was the successful completion and operation of the Express Avenue Mall as a thriving commercial center.
FAQs
Here are some frequently asked questions about Express Avenue Mall, Royapettah:
Who owns the Express Avenue Mall in Royapettah?
This prominent shopping mall is owned by Express Infrastructure Private Limited, a subsidiary of the Indian Express Group.
What is the history of the land on which the Express Avenue Mall stands?
The land was formerly part of the Express Estates, which underwent extensive real estate development to transform it into a modern retail and entertainment hub.
Are there any disputes surrounding the ownership of the Express Avenue Mall?
Previous disputes have led to property splits and restructuring, but the mall stands as a successful and well-managed retail center today.
Conclusion
The Express Avenue Mall in Royapettah, owned by Express Infrastructure Private Limited, stands as a testament to the Goenka family's commitment to real estate and retail development. Its rich history and transformation into a vibrant shopping and entertainment destination reflect the complexity and dynamism of urban development in Chennai.