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DB realty to build Mumbai’s biggest mall
| September 8, 2008 |    (2 votes, average: 1.5 out of 5) Loading ... |
The Mumbai-based real estate firm DB Realty is investing Rs 700 crore to set up a large mall in the city. The mall, Orchid Ozone, would encompass facilities for retailing entertainment and hospitality.
“As Indians move up the value chain, large format retail combined with themed luxury environments will drive Indian retailing,” said Nabil Patel, director, DB Realty, which is the real estate arm of the diversified Dynamix Balwas group. “Indians not only want to shop but want to be entertained. This is the need that Orchid Ozone seeks to fulfill,” added Patel.
Spread over 2.5 millions sq ft built up area located on a 14 acres plot, Orchid Ozone would be Mumbai’s biggest mall upon completion in 2009.The mall will have 1.6 million sq.ft of retail space, an international business hotel, a kid’s play and care zone, entertainment along with dining options and a 14-screen megaplex. The company has roped in anchor tenants such as Pantaloons, Hypercity and Shoppers Stop.
News Published Under: Real Estate Trends |
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