Photo Courtesy: India Today Group
Guwahati: Nexus Select Trust is pouring 1,600 crore into Guwahati. This move marks the firm's first retail REIT expansion into Northeast India. The project aims to bolster the city's standing as a premier regional business hub.
Construction plans include a 5.16-lakh-square-foot Grade A shopping mall. A 164-key Hyatt Regency will sit alongside the retail space. This integrated destination blends shopping, hospitality, business, and leisure into one site.
Assam Chief Minister Himanta Biswa Sarma pushed for the development. The state expects the asset to drive urban economic growth. Officials stated the project is a "major development for the city" that will generate new avenues for business activity. The site aims to solidify Guwahati's role as the primary urban center for the Northeast.
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