Nexus Select to deploy ₹2,000 cr on East, Northeast mall buys; Kolkata's Diamond Plaza first off the block
India's listed mall REIT is pivoting acquisitions toward underserved eastern markets, with Kolkata's Diamond Plaza set to close in 6-8 weeks and two further deals in advanced talks. Northeast flagged as a standout consumption pocket, particularly in beauty and personal care, backing a 19% Q4 consumption uptick.
What happened
Nexus Select Trust plans ₹2,000 crore in acquisitions this year, expanding mall portfolio into eastern and northeastern India. Kolkata's Diamond Plaza deal
Key facts
- ₹2,000 crore deployment
- 19% Q4 consumption growth
- 1.5-2 months to close Diamond Plaza
- 2 deals in 3-6 months
Why this matters
Eastern and Northeastern mall assets are being repriced fast—lock in target diligence on tier-1 Kolkata and NE properties before Nexus's two advanced talks close out the best comps.