A New Retail Landmark Takes Shape on Udhana Magdalla Road, Surat
Price on Request
Phoenix Surat is the newest address in a retail development story that began over a century ago. The Phoenix Mills Limited was founded in 1905 and has since expanded its operations to several cities across India, evolving from a Mumbai textile mill into one of the country's most recognised names in retail-led real estate.
The Surat project reflects that same evolution applied to a new market. The land is at a strategic location on Udhana Magdalla Road, Surat, Gujarat, and the land has been acquired through Thoth Mall and Commercial Real Estate Private Limited, an indirect subsidiary of the Company; Thoth will develop a premium retail destination with gross leasable area of approximately 1.0 million square feet and currently expects to complete the retail development by FY27.
Behind the development sits an institutional partnership built for scale. Graceworks Realty & Leisure Private Limited, which is a PML-GIC Joint Venture entity, owns 80% equity shareholding in Thoth, and the balance 20% equity shareholding is held by Safal Construction, the flagship development arm of the Ahmedabad-based BSafal Group, bringing together a listed mall operator, a global institutional investor, and a regional development partner on one address.
Surat's own trajectory makes the timing purposeful. After Ahmedabad, the joint venture is now building a second mall in Surat, extending a partnership already tested in Gujarat's largest business city into its diamond and textile capital, where rising incomes and a fast-growing organised retail base are reshaping how the city shops, eats, and spends leisure time.
What follows on Udhana Magdalla Road is a destination conceived for the city's next phase of retail, built on the scale, discipline, and long horizon that has defined Phoenix Mills' developments elsewhere in India.
Pricing on request — speak with our sales team.
Detailed master plan and unit-wise floor plans available on request.
Udhana Magdalla Road, Surat, Gujarat · Udhana · Surat
Udhana Magdalla Road runs through one of Surat's most active corridors, linking the city's textile and diamond-trade economy with its airport and coastline. The road forms part of the wider Udhna-Palsana belt, and the corridor starts near UM road in Udhna and ends in Palsana, both near Surat, placing this address within reach of one of the busiest industrial zones in the region. Nearby, Gaurav Path was designed and constructed by the Surat Municipal Corporation as part of a plan to connect Surat City with its airport, Magdalla Sea Port and Dumas Village, underscoring the corridor's role as a connective spine for the city.
For a retail-led destination, this address offers direct frontage on a road already being upgraded for higher capacity. Civic works underway include the construction of a 2X3 lane Veer Kavi Narmad Setu flyover at Anuvrat Dwar junction and Canal Road junction on the 60-metre wide Udhana Magadlla road for Surat BRTS Phase-II, improving through-traffic and access to the site. The combination of industrial density, residential catchments, and improving road infrastructure along this stretch positions Phoenix Surat to draw footfall from across the city's southern and western neighborhoods.
See the property in person. Our sales team will get in touch to coordinate a visit at your convenience.
Civic works include construction of a 2X3 lane Veer Kavi Narmad Setu flyover at Anuvrat Dwar and Canal Road junctions on the 60-metre wide Udhana Magadlla road, easing through-traffic along the project frontage.
A 32 km long belt starting near UM road in Udhna and running to Palsana, home to over 1,000 metal, textile, pharmaceutical, plastics and chemical units that anchor daytime footfall and demand along this stretch of the city.
The world's largest office complex, spanning 660,000 square metres, has consolidated Surat's diamond trade in one location and is drawing sustained commercial and residential development across the city.
Built by the Surat Municipal Corporation to connect the city with its airport, Magdalla Sea Port and Dumas Village, this expressway network improves onward access from the Udhana Magdalla Road corridor.
Phoenix Mills has announced plans to expand its retail portfolio to over 14 million sq ft by 2027, adding new spaces in cities including Kolkata, Surat, Coimbatore, Thane and Chandigarh, placing this project within a larger national growth push.
Phoenix Mills, India's leading mall operator, is developing this destination, bringing decades of experience in building and operating retail-led mixed-use assets across major Indian cities.
The project occupies a prime city-centric land parcel of approximately 7.22 acres on Udhana Magdalla Road, giving it the footprint needed for a large-format retail destination close to established residential catchments.
Ownership sits with Graceworks Realty & Leisure, a Phoenix Mills-GIC joint venture holding 80% equity, alongside Safal Construction of the BSafal Group holding the remaining 20%, combining global capital with regional execution expertise.
A construction work order has already been placed for the mall and an accompanying multiplex, confirming the entertainment component planned as part of this retail destination.
Direct frontage on Udhana Magdalla Road places the destination on a corridor undergoing flyover and BRTS upgrades, improving access from across Surat's residential and industrial neighborhoods.
The Surat development is one of several projects supporting Phoenix Mills' plan to expand its retail portfolio to over 14 million sq ft by 2027, reflecting sustained institutional commitment to the city.
Visited or booked here? Share your honest experience. Reviews are checked before they appear.
Pricing, plans, brochure, and a personal walkthrough — talk to our sales team.
