The iconic Viviana Mall, located in the heart of Thane city, has been officially renamed following its acquisition by Lake Shore India Advisory. The transaction, backed by the Abu Dhabi Investment Authority (ADIA), is valued at approximately INR 1,900 crore, marking it as the largest-ever deal for a retail property in India.
The news was first reported by the Thane City web portal and highlights Thane’s growing significance as a major commercial hub in the Mumbai Metropolitan Region (MMR).
A Landmark Deal for Indian Retail Real Estate
This historic deal represents a major milestone for India’s real estate and retail sectors. The acquisition underscores investor confidence in Thane’s potential as a rapidly developing corporate, residential, and retail center. With excellent connectivity, premium housing projects, and a rising urban population, the city offers a strong and growing consumer base making it an ideal location for large-scale retail destinations like Lake Shore.
From Viviana to Lake Shore: What Changes for Consumers?
While the mall’s name and ownership have changed, its commitment to world-class shopping and entertainment experiences remains intact. The presence of top global and Indian brands will continue, ensuring that consumers enjoy the same high-quality offerings they’ve come to expect.
Previously, Viviana Mall was jointly owned by Singapore-based GIC and the Ashwin Sheth Group. Now, under the Lake Shore banner, the mall enters a new chapter as a premier lifestyle and shopping destination in the MMR.
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