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Rourkela to see biggest mall 'Pluto Plaza' by 2016

Posted on Oct 31, 2013

Sandhya Sutodia

Pluto Plaza Pvt Ltd, a real estate company plans to build the biggest mall 'Pluto Plaza' in Rourkela in Orissa at an investment of Rs 70 crore.

The mall to be spread across 3.5 lakh square feet (sqft) is expected to be completed in two years once the construction work kicks off. "We plan to start the construction work by next year and plan to complete the work by 2016. The average rent hovers around Rs 40-Rs 60 per sqft in Rourkela," Bal Mukund Kadmawala, chief executive officer, Pluto Plaza Pvt Ltd told Realty Plus on Friday.

"We have got all the legal, environment and fire clearances," he added.

Mumbai-based Hafeez Contractors has been appointed as the architect, he said.

Asked about the investment, he said, the company is in talks with financial institutions.

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