Retail mall developer Phoenix Mills (PML) is planning to open an additional five malls with around 6 million square feet of retail space at a cost of around ₹5,300 crore, MD Shishir Shrivastava said. Mall of Asia in Bengaluru, which will have around 1.2 million square feet of retail space, will be among the largest malls in India, Shrivastava added.