- Business
- Prozone Realty Limited designs, develops, owns, and operates shopping malls, commercial and residential premises in India. The company operates through Leasing and Outright Sales segments, offering regional shopping centers such as the Prozone Mall in Aurangabad hosting over 50 national and international brands including H&M, Adidas, Apple, and McDonald's; gated residential complexes and villas; commercial offices; and management consultancy services. It maintains a land bank of approximately 140 acres across prime locations with a maximum saleable area of 15.54 million square feet, including ongoing developments in Mumbai, Nagpur, Coimbatore, Indore, and Aurangabad; develops mixed-use projects with residential and commercial build-and-sell models alongside retail build-and-lease operations; and targets retail, residential, and commercial customers primarily in India. Incorporated in 2007 and headquartered in Mumbai, Maharashtra, the company changed its name from Prozone Intu Properties Limited in May 2023. Recent developments include the board's approval in April 2025 to acquire 100% equity in Probliss Realty Private Limited for Rs 1 lakh, making it a wholly-owned subsidiary for future real estate projects; an open offer by Apax Trust, acting through trustee Nikhil Chaturvedi, in 2025 to acquire up to 26% equity stake at Rs 25 per share; approval in November 2025 for incorporating a new wholly-owned subsidiary, Prozone Arcade Private Limited, with Rs 1 lakh investment for prospective construction opportunities; re-appointment of Nikhil Chaturvedi as Managing Director effective February 2026; and construction completions with sales progress in Nagpur and launches in Indore and Coimbatore during FY2025.