Inorbit set to take over Prozone Mall in Sambhajinagar in Rs 1,300 crore expansion drive

Chhatrapati Sambhajinagar

Inorbit Malls, part of K Raheja Corp, is set to acquire Prozone Mall in the city from Prozone Group as part of a Rs 1,300 crore transaction that also includes a mall in Coimbatore.

The development is likely to bring visible changes to the city’s largest organised shopping destination. With Inorbit’s entry, shoppers may see more national and international brands, improved maintenance, and upgraded entertainment and dining options. The deal will add around 1.2 million sq ft to Inorbit’s existing 3.8 million sq ft portfolio across Mumbai, Hyderabad, Vadodara, Hubballi and Visakhapatnam. In a stock exchange filing, Prozone Realty said its board approved a restructuring plan, including the divestment of certain subsidiaries, to facilitate the transaction. The move reflects growing investor confidence in Chhatrapati Sambhajinagar as an emerging industrial and consumer hub. With major investments in the Shendra and Bidkin industrial belts, rising disposable incomes are expected to strengthen demand for organised retail. The acquisition also places Inorbit in direct competition with leading retail players, intensifying the organised retail landscape nationally.

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According to recent industry data, mall leasing across India’s top eight cities touched 1.95 million sq ft in Q1 2026. Despite limited new supply, Grade A vacancies fell to 5.7%, signalling steady demand for premium retail. Analysts say the acquisition could create local jobs in operations, facility management, security and hospitality, while boosting business for vendors and service providers if footfall rises.