Oberoi Constructions forays into retail space

8499 Investors following AdityaBirlaNuvo. Share this News with them.

0

Like this story, share it with millions of investors on M3

Oberoi Constructions forays into retail space

Oberoi Constructions announced their foray into retail space development with ‘Oberoi Mall’. Located at Goregaon East, the mall recently opened its doors to the discerning Mumbai shopper giving them a superior shopping and leisure experience.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Emaar MGF launches Boulder Hills in South Buy Nagarjuna Construction, tgt Rs 265: Prabhudas Lilladher HCC has support at Rs 100: Gujral ALSO READ See latest News about AdityaBirlaNuvo See previous management interviews See what other Experts & Brokerages are saying about AdityaBirlaNuvo Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Mumbai based developer of niche real estate projects; Oberoi Constructions today announced their foray into retail space development with 'Oberoi Mall'. Located at Goregaon East, the mall recently opened its doors to the discerning Mumbai shopper giving them a superior shopping and leisure experience.

With a full glass façade, the Oberoi Mall is an architectural splendor designed and meticulously planned to provide something for the entire family. This one of its kind mall offers 5.5 lakh square feet one stop destination for shopping, dining and entertainment. Our world class mall houses some of the world's favourite and most stylish brands. Some of the concept brands at Oberoi Mall include the country's first store of the Aditya Birla Nuvo promoted Peter England People, Mumbai's first Debenhams - a well known global retail chain, Barbie Fashions, Sheetal, Adams Kids, Gloria Jeans Coffee, Giordano Apparels, Pepe, Spykar, Gas among others.

The anchors which include PVR with a 6 screen, 1900 seating capacity multiplex, Lifestyle with the largest Home Centre outlet and Central, take up around 60% of the total space. The large food court called SPOON which is being managed by Blue Foods and the gaming zone called 'Funcity' , both located at the third level constitute an additional 10-15% of the retail space on offer. The mall has two basement levels of parking with a capacity to park around 1000 cars; this is by far one of the largest parking lots currently available in Mumbai

Announcing their retail foray, Mr. Vikas Oberoi, Managing Director - Oberoi Constructions said, "In Mumbai particularly there is a huge gap in supply and demand for high quality retail space. This is an extension to the boom that we are witnessing in this sector in India. We see a huge opportunity in this sector and believe that the Oberoi Mall will raise the bar in retail spaces and providing a wholesome shopping experience."

The defining feature of the mall is its 100 meter long atrium which has been strategically designed to allow shoppers an uninterrupted view of every store in the mall. This offers huge advantages to the retailer.

Commenting on this world-class mall, Mr. Pramod Arora - COO, Oberoi Constructions, said, "Trends indicate growing popularity of malls as they offer leisure opportunities for the entire family. We are confident that with our planned distribution of fun, fashion, food and films, the mall will form an integral part of the community by giving them a world-class shopping experience. The mall has also been strategically designed to ensure delight to both, the shoppers as well as the retailers."

Over 80% of the Mall is leased to well known international retailers. It is a predominantly fashion and lifestyle retail mix with popular brands like Foresight, L'oreal, Pepe, Esbeda, E-zone, Watches and More, Sepia,Zodiac, ITC Wills Lifestyle, Allen Solly, Van Heusen, Louie Philippe, Chemistry, Esprit, Raymonds, ITC John Players, Mothercare, , Provogue, Forever New, Adidas, Samsaara, Hidesign, The Body Shop, Guess, Next, Tommy, Lacosta, Replay, Playlife, GANT, Colorplus, Rig,Bare, W,Akkriti, Woodland, Catwalk, Lilliput, Park Avenue, LEE, Annabelle, Biba, Food bazaar, Planet Sports-Sports wear amongst the others.

Oberoi Constructions engaged M/S Bentel & Associates of South Africa, one of the best-known architects in shopping centre design globally, to develop the mall. The quality and standards of the project is set and maintained by L&T Limited, the country's leading Construction and Infrastructure Company. The design aesthetics and material standards are very high and the attempt has been to provide a "best-in-class" environment for a high-quality shopping experience.

Sourced From: Hanmer & Partners Communications Pvt. Ltd