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Phoenix Mills Gets 'Buy' Upgrade From Motilal Oswal, Sees 35% Potential Upside — Check Target Price
Commissioning of new malls to drive growth beyond FY27, says Motilal Oswal hence hikes target price.
02 Sep 2025, 08:39 AM IST 
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With the acquisition of 22.1 acres in Coimbatore and Chandigarh Mohali in FY25, Phoenix Mills is set to more than double its portfolio by FY30. (Photo Source: Unsplash)
The recently commissioned Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Mall of Millennium, and Palladium Ahmedabad achieved average trading occupancy of 94% within 6-8 quarters of operation. The company aims to sustain this success with its existing malls and replicate it in the upcoming malls in Gujarat and Kolkata.
