The city-based entertainment company PVP Square has invested over Rs. 125 crore on a shopping mall-cum-multiplex in the upmarket Mogalrajapuram area. The company aims at achieving break-even in the coming 10 years according to Potluri Sai Padma, managing director of the mall.
Announcing the details of the inauguration of the mall by the cricket legend Sachin Tendulkar on August 1, Ms. Padma said, “It’s the world class and biggest mall in Andhra Pradesh. With over 4.27 lakh square feet space and association of global brands, the mall stands tall in the new State.”
The social infrastructure will be one stop destination for the entertainment starved denizens, she said. Several celebrities, including cine actors are likely to attend the inauguration besides Sachin.
While the promoter of the property is Jhansi Sureddi, wife of the serial entrepreneur and producer Potluri Vara Prasad, the project is funded by a consortium of banks led by Central Bank of India, according to the MD.
