Satra Properties India Ltd has announced that the Company has entered into MOU for acquisition of property at Calicut, Kerala of plot size of 1 acre for a consideration of Rs 18 Crores (approx) having a potential of constructing a shopping Mall thereby generating a saleable area approximately of 1.5 Lacs Sq Fts along with permission to provide Multiplex under the proposed project name "CALICUT GALLARIA".