DS Group Is Eyeing To Buy For Noida's GIP Mall For Rs. 2000 Crores

DS Group, the promoter of Rajnigandha pan masala and catch spices is going to bid for Great India Place Mall or GIP Mall of Noida for around 2000 crores. DS Group is India's leading conglomerate in pan masala and spices industry and this move of buying GIP Mall will make DS Group a front running player in the real estate industry of Noida.

Why Is GIP Mall Of Noida Open For Sale ?

GIP Mall of Noida is located in the bustling sector of sector 38 of Noida near the sector 18 and botanical garden metro station. It receives crowds of people coming from Delhi and parts of Noida. GIP Mall is co-owned by the unitech group and appu Ghar group. With unitech holds the controlling stake of more than 42% in the mall.due to covid 19 businesses in gip Mall suffered a huge loss and after the covid 19 nearby malls such as DLF Mall of Noida are gaining much popularity among the people who are visiting this area.because of this existing debt on unitech group and and covid 19 loss this Mall went into sale to for its new buyers.

Who Are The Founders Of DS Group?

Dharampal satya pal group started in 1929 by dharampal sugandhi and Satyapal sugandhi In Delhi chandni chowk as a perfumery shop. But later as the time passed DS Group started producing pan masala named Rajnigandha and other related products such as Baba and Tulsi.

Company currently has an yearly revenue of about Rs. 5500 crore and now they are diversifying their core business to other retail business.

Other Business That Operated By DS Group

 DS Group currently owns Catch spices, Pulse,Maze, Pass-Pass, Rajnigandha, Rajnigandha Silver Pearls, Baba, Tulsi, Ksheer, Snack Factory, Birthright, the Manu Maharani, Mamah, and retail chain of L'Opara, Le Marche, Nature Miracle, Benguluru based Viceroy hotels and much more.

Conclusion 

If this deal goes well then within no time DS will become the largest retailer of Noida. With operating more than 1 million sq ft of retail space in the most esteemed and widely popular sector of sector 38 of Noida.