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| Company History |
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| If you’re confused or indecisive of which property is best for your brand, please do ask our real estate expert. We are glad to answer all your queries. |
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Like the name Ruia, which originates from the word ‘rui’ meaning cotton, the business history of the Ruia family began with the cotton trade.
The Ramnarain Ruia College, Matunga founded in 1936, a girl's school in Andheri, girl's school / college in rural Rajasthan and a cancer hospital in Tirupati are a few examples of their concern and attention to social responsibility.
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| Our Lineage:
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1905 |
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The Phoenix Mills Ltd. began operations as a textile manufacturing company on 17.3 acres land in Lower Parel,
Mumbai. The objective was to manufacture cotton textile goods. |
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1959 |
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The Phoenix Mills Ltd. was listed on the Bombay Stock Exchange. |
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1986 |
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Phoenix House and Phoenix Centre was operational, a commercial centre with an area of 350,000 sq. f.t of office. |
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1987 |
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The company entered into the growing real estate market where High Street Phoenix emerged as the most frequented
destination in Mumbai. |
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1992 |
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The first multi-storied Phoenix residential towers were built on the Phoenix Mills Land. |
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1996 |
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Opened doors for South Asia's largest 20 lane bowling concourse, the first of its kind in India. |
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2001 |
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Introduced India’s first Hyper market concept ‘Big Bazaar' at High Street Phoenix. |
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2002 |
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The first multi-storied Phoenix residential towers were built on the Phoenix Mills Land. |
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2003 |
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One of its kind Pantaloon and Lifestyle, two large departmental stores, each covering approximately
50,000 sq.ft. of retail shopping were operational.
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2004 |
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High Street Phoenix had 400,000 sq. ft. of retail with the introduction of Skyzone, and other retail. |
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2005 |
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The Phoenix Mills Ltd celebrated its 100 years anniversary |
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2006 |
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The company announced its new project at High Street Phoenix, a five-star luxury hotel with a first-of-its-kind sky lobby in India, a seven-screen multiplex with 2000-plus seating area, a 45,000 sq. ft .auto mall, a 60,000 sq. ft. lifestyle club house with a spa and fitness centre, a 4 lakh sq. ft .luxury mall, called Palladium, and a one million sq. ft. car park area equipped for 3000 vehicles. |
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2007 |
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The company successfully raised Rs 13,000 million through Qualified Institutional Placements (Q.I.P.) and a Preferential Issue that further announced the development of Market Cities in Mumbai, Pune, Bangalore and Chennai. |
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