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 Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

. The company currently owns and manages six shopping centres in India: VR Bengaluru,

VR Chennai VR Chennai (Tamil language, Tamil: வி. ஆர். சென்னை) is a shopping mall located on Inner Ring Road, Chennai, Jawaharlal Nehru Road in Anna Nagar West, Chennai, Tamil Nadu, India. This mall was opened to the public on 18 Jun ...

, VR Punjab, VR Surat,

VR Ambarsar VR Ambarsar (previously known as Trilium Amritsar) is a flagship shopping mall of Virtuous Retail situated in Circular Road, Amritsar, Punjab, India and is the largest mall in the Indian State of Punjab. The mall is spread over 6 floors, and i ...

and VR Nagpur. In September 2019, Virtuous Retail announced the acquisition of three more shopping centres,

(Mantri Arena),

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

and

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, at a combined cost of $500 million, including the purchase of a 20-acre land parcel in Thane from

Raymond Group Raymond Group is an Indian branded fabric and fashion retailer, incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool and wool-blended fabrics. The group owns apparel brands like Raymond, Ra ...

for $100 million in October 2019.

References

External links

Official website
Companies based in Bangalore Real estate companies of India Real estate companies established in 2007 Indian companies established in 2007 2007 establishments in Karnataka {{India-company-stub

See also

References

External links