- Business
- Prozone Realty Limited designs, develops, owns, and operates shopping malls, regional shopping centers, commercial offices, gated residential complexes, and villas in India. The company operates through Leasing and Outright Sales segments, with approximately 75% of its mixed-use land developments allocated to residential and commercial properties under a build-and-sell model and 25% to retail assets under a build-and-lease model; it also provides management consultancy services related to real estate operations. Incorporated in 2007 and headquartered in Mumbai, India, Prozone Realty focuses on large-scale mixed-use developments pan-India, targeting retail, residential, and commercial customers in key urban markets. In May 2023, the company changed its name from Prozone Intu Properties Limited to Prozone Realty Limited; in November 2025, its board approved the incorporation of a new wholly-owned subsidiary, Prozone Arcade Pvt Ltd, with an investment of Rs 1.00 lakh for 10,000 equity shares to expand into construction and real estate sectors, alongside reclassifying certain promoter group members as public shareholders pending regulatory and shareholder approvals. Recent operational highlights include the re-appointment of Nikhil Chaturvedi as Managing Director for three years effective February 2026 and the appointment of M/S HSPN & Associates as secretarial auditor for five years commencing FY2025-26; in Q2 FY2026, the company reported ten new stores opened across its malls totaling over 32,171 sq ft of gross leasable area, 14 additional stores signed or under fit-out for 60,819 sq ft, and occupancy reaching 93% at its Ch Sambhaji Nagar Mall.