New Delhi: With an intention to exit the non-core businesses, L & T Realty has put three of its properties in Chandigarh on block. The property includes 1.15 million sq ft mall, under-construction Hyatt Regency and 400,000-sq ft office space.One of the property consultants who is helping L & T in selling the assets said that the company is looking for around Rs. 1,200- 1,400 crore valuation from these three properties. The company feels that they are not their core competence and hence they are planning to put off these properties.Elante project, spread over 20 acres which is put on sale has been their flagship project with 1.15 million sq ft mall, office space and a hotel. Elante mall was launched merely 6 months back and has instantly gained popularity in Chandigarh. The mall is almost completely leased and boasts both local and international retail outlets.One of the mall operator said that one setback with the mall is that all the store are leased for nine years with only scope of 5% annual hikes that doesn’t match the current norm of revenue-sharing.The revenue-sharing model has benefited both the retailers and the mall owners. Both of them look at each other as partners and not sheer as tenants. According to the senior executive of Delhi mall, in this model they have benefited with more consumerism and they will take the positive aspect. The rentals at Elante are fixed for nine years so there is no scope of upside. Besides this the mall is excellent and match up to the international standards, the fixed rental is the only setback of this mall.займ на карту без отказов круглосуточновзять кредит онлайн