New Launch23 Feb 2026, 01:11 pm
Nexus Select Trust to Acquire 50% Stake in Runwal Enterprises' Dombivli Mall for INR 434 Crores
AI Summary
Nexus Select Trust, India's first listed retail REIT, has agreed to acquire a 50% stake in the upcoming Nexus Runwal Gardens Mall in Dombivli, Mumbai Metropolitan Region, from Runwal Enterprises. The mall, spanning ~7.3 Lac sq. ft. GLA, is strategically located at the gateway of the 250-acre Runwal Garden City township and is supported by upcoming infrastructure projects. The transaction marks Nexus Select Trust’s first under construction partnership since listing and signifies a strategic evolution of its platform.
Key Highlights
- Nexus Select Trust to acquire 50% stake in Runwal Enterprises' Dombivli mall for INR 434 Crores
- Mall spans ~7.3 Lac sq. ft. GLA and is strategically located at the gateway of the 250-acre Runwal Garden City township
- Transaction marks Nexus Select Trust’s first under construction partnership since listing
- Mall is supported by upcoming infrastructure projects like Metro connectivity, Airoli—Katai tunnel, Mumbai—Ahmedabad bullet train station, and Virar—Alibaug Multimodal Corridor
- Nexus Select Trust is India's first listed retail REIT and the country’s largest owner of Grade-A urban consumption centres