Real estate developer Gopalan Enterprises is eyeing revenue of Rs 500 crore by FY25. The firm has many projects in a plan that include converting its mall portfolio, including the five malls operational in its home city, into mixed-use retail developments with office spaces added rather than pure-play shopping centers.
The developers plan to add 5 million sq ft (msf) of commercial and residential spaces in Bengaluru and Mysuru. Gopalan Enterprises says that it is not looking to add more destination malls, it is considering adding 4 lakh sq ft of similar mixed-development retail spaces in Bengaluru. Upcoming developments will come up in Whitefield and Rajarajeshwari Nagar by the end of the calendar year.