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Mumbai, the bustling city known for its vibrant mall culture, is about to welcome a brand-new addition to its impressive lineup of shopping destinations. Oberoi Realty, a leading real estate development company in India, is all set to unveil its second mall in Mumbai, located in the lively neighborhood of Borivali.
This upcoming mall promises a unique experience for visitors, with a range of exciting features. The renowned theater chain, INOX, has already partnered as one of the anchor tenants, offering a state-of-the-art 10-screen multiplex. Spanning multiple floors, the mall will house a lower ground floor, ground floor, two levels of shops, and dedicated spaces for Family Entertainment Centers (FECs) and Food & Beverage (F&B) establishments on the third and fourth floors. Additionally, a delightful rooftop F&B area will be available on the fourth story.
Oberoi Realty has established a strong presence in the Mumbai metropolitan region, with an impressive portfolio of residential, commercial, retail, and hospitality projects. Known for their architectural brilliance and meticulous attention to detail, their developments have garnered widespread acclaim.
The new mall in Borivali follows the footsteps of its predecessor, the Oberoi Mall in Goregaon. Situated in a meticulously planned integrated township, the Goregaon mall seamlessly blends modern infrastructure with green spaces, creating a serene environment for visitors. This holistic approach will be replicated in the Borivali mall, ensuring a truly immersive experience for shoppers and leisure seekers alike.
With a target timeline of mid-2024, Oberoi Realty aims to commence leasing the mall’s expansive 1.5 million square feet of retail space. Following the success of the Oberoi Mall in Goregaon East, this new venture marks their second mall in Mumbai. Nestled within the Oberoi Sky City project, the mall enjoys convenient access to both the Mumbai Metro and the Western Express Highway (WEH), making it easily accessible for shoppers from various parts of the city.
The Borivali Mall holds tremendous potential, with projected annual rentals of ₹250 crore. It is expected to stabilize by FY25, providing a significant boost to the local economy. In addition, the mall’s strategic location within Oberoi Sky City’s first phase of residential construction will accommodate approximately 1,800 families across five towers. With approximately 3,200 households in the vicinity, the mall will be a convenient shopping destination for the surrounding community. Moreover, its proximity to Metro line exits will expand its reach, attracting even more visitors.
The upcoming mall in Borivali is sure to captivate the hearts of Mumbaikars and visitors alike. Offering a delightful blend of retail, entertainment, and culinary delights, this swanky addition to the city’s landscape promises to be an exciting destination that goes beyond traditional shopping experiences. Stay tuned as Borivali gears up to welcome this sensational new mall in 2024!