The Phoenix Mills has announced a board meeting on the financial results for the quarter and half-year.

Retailer sales across malls rose 12% YoY, led by key assets and new mall ramp-ups.

Strategic repositioning and tenant mix refresh continue, with trading occupancy at 89%. Commercial office leasing added 4.07 lakh sq. ft., lifting occupancy to 69%. Hospitality saw stable occupancy and double-digit ARR and RevPAR growth at The St.

Regis Mumbai and Courtyard Agra.

Residential sales surged to ~Rs. 168 Cr, with collections improving to ~Rs. 99 Cr, indicating strong demand and operational momentum.