The INR 10,000 crore Malabar Group is set to unveil India’s first green mall in Kerala harnessing a slew of environment-friendly initiatives. In its first phase, Mall of Travancore (MoT) incurred a cost of about INR 400 crore. “Work on the second phase would start soon and will be completed by 2020,” said MP Ahammed, Chairman, Malabar Group.
According to him, as much as 5% of the income generated would go to charity the thrust on environment-conservation has made the project a tad costlier than it would have been otherwise. MoT is envisaged to give direct employment to 2,000 people and indirect employment to 1,000 people.
In a visual representation of the green initiatives, about 70% of the facade of MoT is covered with a vertical garden. Besides, the mall complies with the Swachh Bharat certification and the zero waste international alliance certification.