V1 Malls has emerged as a prominent player in T2 and T3 locations across India, providing retail, entertainment, and F&B Space for the consumers of “Bharat”. V1 Mall’s target asset is a) upcoming malls stuck due to lack of fund b) internal redevelopment of old Cinema halls, and c) internal redevelopment of existing shut down malls. Altogether these categories represent $18 billion opportunity.
The founders of the company, between them, has combined experience of 35 years in retail and real estate. They founded V1 Malls with the twin goals of a) increasing efficiency by integrating mall development & management into a single tech platform and b) to reduce the execution risk from the project by investing in last stage of development of a project.
V1 Malls is the only mall player in India with a Full stack technology enabled mall, development, leasing, and mall management. The company specializes in acquiring malls at various stages of development—last-mile construction phase, operational stage, or through build-to-suit projects. V1 Malls operates as a mixed-use entity, integrating retail spaces, entertainment, and hotels to create a holistic consumer experience.
V1 Mall’s goal is to become top three mall developer in India by 2030. V1 Mall SaaS has already integrated the mother company – Panchwati Group’s mall portfolio. Currently, the V1 Mall operates six malls, encompassing a total area of 10 lac sq ft, it has a pipeline of 12 additional 12 lac sq ft in various phases of development.
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A) Upcoming V1 Mall Projects:
- Howrah, West Bengal (100,000 Sq. Ft. BUA) – Expected completion by FY26 (owned project).
- Kanchrapara, West Bengal (100,000 Sq. Ft. BUA) – Expected completion by FY26 (owned project).
- Dhanbad (350,000 Sq. Ft. BUA) – Expected completion by FY26.
- Ambikapur (150,000 Sq. Ft. BUA) – Expected completion by FY25.
- Bhilai (150,000 Sq. Ft. BUA) – Expected completion by FY26.
- Raipur (150,000 Sq. Ft. BUA) – Expected completion by FY26.
- Hyderabad (150,000 Sq. Ft. BUA) – Expected completion by FY25.
V1 Malls also capitalizes on the potential of repurposing old cinema theaters, transforming them into Grade A retail and entertainment complexes that include retail outlets, food and beverage establishments, and multiplexes. The company employs a retrofit, renovation, and extension model tailored to the specific site conditions, ensuring optimal internal modifications.
B) Standalone Operational and Upcoming Projects from V1 Malls:
- Masalandpur, West Bengal (Operational).
- Hyderabad (Expected completion FY25).
- Pune (Expected completion FY25).
- Mumbai (Expected completion FY26).
- Hyderabad -2 (Expected completion FY25).
- Bengaluru (Expected completion FY25).
With a robust portfolio in construction, logistics, mall development, and infrastructure projects, the Panchwati Group has successfully developed over 5 million square feet of real estate, including six shopping malls and three luxurious hotels. The Group is distinguished by its commitment to owning and operating all its malls and hotels. For the past 37 years, the Panchwati Group has established itself as a leader in Grade A real estate development across India, positioning itself for continued growth and innovation in the retail sector.
