Pacific Group Unveils Ambitious Jaipur Expansion Plan
Real estate developer Pacific Group has announced plans for a large mixed-use development in Jaipur, marking the company's strategic move into Rajasthan's expanding commercial market. The project includes a vast 15 lakh square foot shopping mall and a premium 130-room hotel, set to meet the rising demand for high-end retail and hospitality spaces in tier-II cities.
Project Details and Timeline
The Managing Director of Pacific Group, Abhishek Bansal, confirmed the acquisition of an 11-acre land parcel in Jaipur for this ambitious project. The development follows a phased approach - the shopping mall is set to open by late 2026, while the hotel is scheduled to welcome guests in 2027.
The hotel will be managed by a renowned hospitality chain, although the specific brand partnership remains undisclosed. This strategic partnership ensures top-notch service standards and operational expertise for the luxury accommodation facility.
Expanding Portfolio and Market Strategy
Currently, Pacific Group operates nine shopping malls in Delhi, Ghaziabad, Faridabad, and Dehradun, collectively covering over 30 lakh square feet of retail space. The Jaipur project focus on commercial, leveraging the company's successful track record in mall development and management.
Bansal highlighted the strong performance of their existing properties, especially in the food and beverage sector. "We have begun leasing space to retailers for the Jaipur project," he mentioned, showing early market confidence in the development's commercial viability.
Market Demand and Economic Impact
This development addresses the significant demand for premium retail and hospitality infrastructure in tier-II cities. The project promises to create many employment opportunities and attract more visitors to Jaipur, further enhancing the city's appeal as both a tourist destination and commercial hub.
Pacific Group has committed to incorporating eco-friendly features throughout the design and operations of both facilities, ensuring sustainable practices align with modern development standards. The mixed-use format combines retail convenience with hospitality services, creating a comprehensive destination for shopping, dining, and accommodation.