April 04, 2025

Pioneer Property Drives ₹250 Crore Revamp in Joka: Genexx Mall Becomes Acropolis

Merlin Group's acquisition of the former Genexx Mall on Diamond Harbour Road in Joka marks a significant development in Kolkata's retail landscape. Renamed as Acropolis (Joka), the mall will boast a total leasable area of 3.85 lakh sq. ft. and is strategically positioned to serve a broad catchment area from Alipore in the north to Diamond Harbour in the south and Tollygunge in the east to Budge-Budge in the west.



Merlin Group plans to invest an additional ₹250 crore to expand and complete the unfinished mall. This investment will transform the property into a fully air-conditioned facility, departing from the original open-air, atrium-like design. The mall is adjacent to the Genexx Valley Township, a residential project previously developed and sold by the Paharpur Group.​

Pioneer Property Management Ltd., which facilitated this transaction of the incomplete mall to Merlin Group from Paharpur, originally brokered the transaction of 20 acre of land on which Genexx Valley Township was developed, It also marketed and sold 2 million sq. ft. of residential development with 1,875 apartments. Their involvement underscores their continued influence in shaping Kolkata's real estate market.​

The revitalization of this retail-cum-entertainment destination is poised to enhance the commercial appeal of Kolkata's southwestern fringes, providing residents with a modern shopping and leisure hub.

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