E-commerce giant Amazon is likely to occupy prime commercial space which has been vacated by nearly all the brands in Inorbit mall on the Pune-Ahmednagar road, according to sources.
It was not known how much of the available 5.5 lakh sq ft in the mall Amazon was likely to take. It was also not clear whether Amazon would take up space on lease or buy into the property. The property could be worth Rs 400 crore.
Though Amazon did not officially confirm or deny the development, it is believed that it will use the space to expand its IT and customer service operations. The rear part of the building is an IT park, which has already been leased to Amazon for its customer service centre ( back office) .
All brands in the mall, barring three, have already either relocated or shut down operations. Of the three that are still operating, Shoppers Stop and Hypercity are inhouse brands of K Raheja Corp, the entity that owns Inorbit. They will also move out within a month. The third one, apparel store Max, will relocate by the end of next week, it is learnt. The four-screen multiplex, PVR Cinemas, and the food court on the third floor will continue operations for now.