Mumbai is home to some of the most prominent and popular malls in the country. These malls have become more than just shopping destinations; they have transformed into social hubs that reflect the cosmopolitan nature of the city. Now, India’s leading real estate development company, Oberoi Realty is set to open a second mall in Mumbai at Borivali.
All About The New Mall In Mumbai’s Borivali
Midway through 2024, the group hopes to begin leasing the mall’s 1.5 million square feet. Following the success of Oberoi Mall in Goregaon East, this will be Oberoi Realty‘s second mall in Mumbai. The mall would be in Borivali as part of the Oberoi Sky City project. It will be built on a site with easy access to both the Mumbai Metro and the Western Express Highway (WEH).
The mall has the potential to produce annual rentals of ₹250 crore and is projected to stabilise by FY25. According to Moneycontrol, the Borivali Mall will house 1,800 families in the five towers of Sky City’s first phase of residential construction. There are perhaps 3,200 households living nearby who have easy access to the mall. Additionally, the mall will be accessible to both Metro line exits, expanding its catchment area.
It added that theatre chain, INOX has already come on board as one of the anchor tenants with a 10-screen multiplex. The mall will also comprise a lower ground floor, ground floor, two storeys of shops, and Family Entertainment Centres (FECs) and Food & Beverage (F&B) on the third and fourth floors, respectively. A rooftop F&B space will be on the fourth story.
Oberoi Realty’s First Project Was In Goregaon
Oberoi Realty has established a strong presence in the Mumbai metropolitan region and has expanded its footprint in other parts of India as well. They have developed numerous residential, commercial, retail, and hospitality projects. These projects have garnered acclaim for their architectural brilliance and attention to detail.
This project is expected to be a holistic one as well, just like before. Located in Goregaon, Mumbai, Oberoi Mall is also a meticulously planned integrated township. It encompasses a shopping mall, and various recreational amenities. The mall was designed to provide a holistic experience, combining modern infrastructure with green spaces and a serene environment.
Are you excited about this new mall in Mumbai?
Cover image credits: Canva