The closure will be from February 1 and will affect shoppers in south Kolkata. It will also leave several thousand children, teens, youths and couples distraught at the temporary loss of a favorite hangout zone.
The mall attracts 70,000-80,000 people on weekdays and 1.7 lakh-2 lakh people on weekends.
This has been reported in timesofindia.indiatimes.com dated 14 January 2017.
The authorities will spend Rs 50 crore on the upgrade and, the loss in turnover from the closure is expected to be around Rs 350 crore in sales and another Rs 100 crore in store interiors that will have to be scrapped and be remade. Of course, before the closure there will be a stock clearance sale with discounts of up to 70% - it is expected that such an attraction would appeal to shoppers from not only Kolkata but also from neighboring states and even Bangladesh.
One section of the mall will continue to function - it will offer regulars a limited mix of retail and entertainment options. But the atrium and food court - the mall's hot spots — will be cordoned off. Out of the 138 stores and restaurants, only the anchor stores and two restaurants will remain open.
It may be recalled that there was a short-circuit fire in December and it led to damage to the major cable and pipelines that run across the roof of vanilla stores. These are concealed by false ceiling.
Image courtesy wikimediacommons.org
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