Pioneer Property Zone (PPZ) has strengthened its presence in South India by acquiring mandate to manage five more retail projects to its existing portfolio of 13 assets nationwide.

These assets will be developed under the supervision and guidance of PPZ. These are Secunderabad Central Mall and Odean Mall both by Shanta Sriram Constructions, Youdan Plaza by Youdan Infrastructure Projects, and Kompally Mall and Manjeera Mall at Kukatpally, now operational.

Located at Kukatpally, a major residential and commercial suburb in Hyderabad, Manjeera Mall is one of the popular shopping hubs in the area.

Both Secunderabad Central Mall and Odean Mall plan to cater to different customer segments in Hyderabad. Spread across a 0.5 million sq. ft., these assets are based in the Patny Square region and the RTC Cross Junction in East Hyderabad, respectively. Odean Mall, located at the RTC Cross Junction in Hyderabad, is spread over 2,10,000 sq.ft.

Anand Sundaram, CEO, Pioneer Property Zone, in a statement said, ‘’There is great potential for retail in Andhra Pradesh. We have managed to win the mandate to manage five projects in Hyderabad. Each of these projects has the potential to change the shopping habits.”

PPZ was set up in 2004 as a joint venture between ICS Realty (100 per cent subsidiary of ICS Group) and Old Mutual Property (100 per cent subsidiary of the London Listed insurance firm Old Mutual Plc). It offers property management solutions.

With these additions, PPZ will have its presence across six cities namely Hyderabad, Mumbai, Dehradun, New Delhi, Pune and Amritsar.

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