What City Centre Mall does

City Centre Mall is a privately-held retail real estate operation under the Sarda Group that owns and operates shopping and entertainment centers in India. Its flagship Nashik property spans 9 lac (900,000) square feet including Nashik's largest covered parking facility, with a multi-floor layout (Lower Ground through Third Floor) housing over 100 national and international brand tenants across categories including fashion and accessories, footwear, dining, electronics, entertainment, books, watches, optics, and mobile accessories. The mall serves as a regional shopping destination for Nashik city and surrounding districts including Sinnar, Ozhar, Ghoti, and Igatpuri. A second City Centre Mall operates in Guwahati, Assam, and is positioned as the largest shopping center in Northeast India with over 150 stores and the first entry point for 100+ brands into the region. The mall operates daily from 11 AM to 10 PM and is supported by a small corporate team of 1-10 employees.

The business model is retail leasing: the mall generates revenue by leasing space to brand tenants under individually negotiated terms, with anchor tenants spanning QSR (KFC, Burger King, Pizza Hut, Domino's, Subway), fashion (Levi's, Arrow, Van Heusen, Adidas, Pantaloons), entertainment (PVR cinema, Timezone gaming, Jus Jumpin), and electronics (Samsung, Dell, HP, Reliance Digital). Revenue mechanics are described as one-time license arrangements per the source data, though functionally this represents recurring commercial lease income typical of mall operations. Go-to-market is a physical retail storefront motion targeting walk-in consumers. Customer segments are horizontal — general retail consumers, families, and entertainment seekers — rather than a defined B2B or vertical-specific buyer.

Underlying technology is predominantly physical infrastructure supplemented by basic digital services: a Digital Mall Directory for multi-floor navigation and a WhatsApp Business channel for direct customer communication. The mall supplements its core leasing business with an active events and exhibitions program (Festive, Book, Art, Science, and Home Decor exhibitions; seasonal celebrations for Diwali, Christmas, Children's Day, Valentine's Day, Mother's Day, and Women's Day; cultural events including Bihu, Durga Puja, K-pop festivals) aimed at driving footfall and establishing the mall as a community gathering space. Customer-facing services include a help desk, first aid clinic, ATM access, baby feeding room, wheelchair availability, and parking for the specially abled. There are no disclosed API, SDK, or third-party platform integrations, and no app is currently published.

Name

City Centre Mall

Legal name

City Centre Mall

Website

https://nashikcitycentre.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

City Centre Mall operates shopping and entertainment centers in Nashik, Maharashtra and Guwahati, India, serving as regional retail destinations with over 100 national and international brand tenants across 900,000 sq ft of leasable space.

Ownership category

akta.pro rank

Product category

Shopping Mall Operations

NAICS

General Merchandise Retailers (455)

SIC

Retail-Department Stores (5311)

akta.pro primary industry

Retail Property Management (BPAJAGAB)

akta.pro secondary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

Keywords

• Shopping mall operations
• Retail space leasing
• Mall entertainment services
• Food court operations
• Retail tenant management

Headquarters

HQ city

Nasik

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Retail Leasing: The mall generates revenue by leasing retail space to national and international brands. Stores operating within the mall include fashion retailers, electronics stores, dining options, entertainment venues, and service providers.

Pricing tiers

Distribution channels1 record

Marketing channels3 records

Core offering

City Centre Mall operates a 9 lac sq ft multi-floor physical retail mall in Nashik, Maharashtra, leasing space to over 100 national and international brand tenants across fashion, dining, electronics, entertainment, books, gifts, shoes, bags, watches, optics, mobile accessories, baby care, and travel categories. The mall supplements retail leasing with exhibitions programming, cultural and seasonal events, and digital directory and WhatsApp-based customer services to drive footfall.

Product overview

City Centre Mall operates as a single unified shopping and entertainment center spanning 9 lac sq ft in Nashik, Maharashtra. The mall offers a comprehensive retail ecosystem combining fashion, dining, electronics, entertainment, and lifestyle services. The product portfolio centers on the physical mall experience supplemented by exhibitions (Festive, Book, Art, Science, Home Decor), events programming (Diwali, Christmas, cultural celebrations), digital directory services, and a diverse tenant mix of over 100 national and international brands. The mall targets not only Nashik city but surrounding districts, positioning itself as a regional shopping center with Nashik's largest covered parking facility.

Differentiator

Problem solved

Functional benefit

Products and services

• City Centre Mall (Nashik) A 9 lac sq ft multi-floor physical shopping and entertainment center serving Nashik city and surrounding districts including Sinnar, Ozhar, Ghoti, and Igatpuri. Features Nashik's largest covered parking and serves as a regional shopping destination with over 100 national and international brand tenants.
• Retail Store Brands (Tenant Mix) Leased retail storefront space hosting over 100 national and international brands across Fashion & Accessories (Levi's, Arrow, BlackBerry's, Van Heusen, Adidas, Pantaloons), Footwear (Skechers, Metro Shoes, Mochi), Dining (Barbeque Nation, Domino's, Pizza Hut, Burger King, KFC, Subway), Entertainment (PVR, Timezone, Jus Jumpin), Health & Beauty (Lenskart, The Body Shop), Electronics (Samsung, Dell, ASUS, HP, Reliance Digital), and Grocery (Max).
• Food Court Dining area within the mall featuring Domino's, Pizza Hut, Burger King, KFC, Subway, and various other food and beverage tenants serving multiple cuisines.
• Entertainment Zone Entertainment facilities inside the mall including PVR cinema, Timezone gaming zone, and Jus Jumpin trampoline park.

Quantifiable outcome

• 100+ national and international brands introduced to Northeast India for the first time
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• VMPLminorStrategic or Co-development PartnerVMPL appears as the company publishing the advertorial content about City Centre Mall's 7-year milestone. The relationship appears to be media/publishing related rather than a formal strategic partnership.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Prestige Group (Forum / Prestige Malls): Develops and operates Forum/Prestige malls in India with multi-category retail, dining, and entertainment. Same destination-mall proposition and brand-led leasing model.
• Brigade Group (Forum Malls): Operates Forum malls across Indian cities, combining retail leasing with entertainment and food courts. Same destination-mall format and tenant-mix strategy targeting middle and upper-middle income consumers.
• Select Citywalk (Delhi): Premium shopping mall in Saket, Delhi operated by the Select Group. Comparable multi-tenant retail destination with entertainment and dining; broader metro focus but same operating model.
• Nexus Select Trust: India's largest retail REIT with a portfolio of ~17 operational malls across the country. Closest publicly-traded comparable for an Indian mall operator, with identical revenue model of leasing to brand tenants and bundling entertainment/dining.
• Phoenix Mills Limited: Operates Phoenix MarketCity, India's leading destination mall format with multiple properties. Same business model of leasing space to 100+ national/international brands combined with entertainment and dining — directly comparable retail-property operating playbook.
• Lulu Group (India Malls): Operates large-format Lulu Malls in India featuring retail, dining, and entertainment. Comparable regional shopping-mall format serving Indian consumers with national and international brand tenants.
• Inorbit Malls (India): Operates multiple large-format shopping malls in India anchored by national and international brands plus entertainment. Directly comparable multi-tenant retail-property operating model.
• Viviana Mall: Large regional shopping mall in Thane (Mumbai metropolitan region) with 100+ retail brands, dining, and entertainment. Closely comparable destination-mall proposition and tenant-mix structure.

Broad incumbents

• DLF Limited (DLF Malls): Operates premium Indian malls including DLF Mall of India and Ambience Mall. Larger and broader incumbent in the same retail-property operating space, but with a stronger metro and luxury skew.

Regional players

• R City Mall (Mumbai): Large shopping mall in Mumbai's Ghatkopar area with 350+ stores across retail, dining, and entertainment. Comparable Indian shopping-mall operating model, though geographically focused on the Mumbai metro rather than tier-2 markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nasikcitycentre
• Facebookfacebook.com/citycentremall.nashik
• LinkedInlinkedin.com/company/city-centre-mall-nashik-pvt.-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about City Centre Mall