The company plans to invest over Rs 3,500 crore on development of mall over next four years.

The company has identified locations at Kolkata, Chennai and Visakhapatnam, for mall development during the first phase. The company proposes to build 15 malls, each at a cost of about Rs 200 crore.

In the first phase, the company will roll out a total of 20 million sq. feet of retail space at the three locations with an estimated cost of Rs 630 crore.

According to sources, the company is presently in talks with leading international mall development firms to manage the three properties and the partner may also be a co-investor.

Shriram Properties is engaged in the property development business in South India. The firm develops residential housing and apartments, information technology parks, and auto parks.

Recently, the company has bought a 90-acre property in Vizag, to develop an integrated township.