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Virtuous Retail

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Virtuous Retail
Company typePrivate company
IndustryReal estate
Founded2007
HeadquartersBangalore, India
Key people
Siddharth Yog,Vansh Agrawal,
Founder and Chairman
ProductsCommercial offices
Shopping malls
Hotels
Hospitality
Retail
Revenue10 million**
OwnerSaurav Jain from Nagpur
Websitewww.virtuousretail.com

Virtuous Retail is an institutionally owned developer and operator of shopping centres. Established in 2007, Virtuous Retail is a joint venture between Singapore-based Xander Group and the Dutch institutional investor APG. Its India chapter is based out of Bangalore.[1]

The company currently owns and manages six shopping centres in India: VR Bengaluru, VR Chennai, VR Punjab, VR Surat, VR Ambarsar and VR Nagpur. In September 2019, Virtuous Retail announced the acquisition of three more shopping centres, Bangalore (Mantri Arena), Delhi and Mumbai, at a combined cost of $500 million,[2] including the purchase of a 20-acre land parcel in Thane[3] from Raymond Group for $100 million in October 2019.

See also

References

  1. ^ "Virtuous enters Delhi real estate". Economic Times. 19 April 2018.
  2. ^ "Virtuous Retail acquires three malls for $500 mn". Live Mint. 24 September 2019.
  3. ^ Babar, Kailash. "Xander's Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore". The Economic Times. Retrieved 29 September 2020.