Oberoi Realty Mumbai Set to Launch Second Mall in Mumbai: Sky City Mall Opens in Borivali by 2025

Mumbai-based Oberoi Realty Mumbai is making headlines with its plans to launch its second retail mall in the bustling Borivali area. Named Sky City Mall, the project is part of the larger Oberoi Sky City development and is slated for completion by January 2025.

The construction of the mall is progressing rapidly, showcasing the developer’s commitment to expanding its footprint in Mumbai’s retail and lifestyle segment.

Diversifying with Residential Expansion in Gurugram

Oberoi Realty isn’t limiting its growth to Mumbai. The company is also making its debut in Gurugram, Haryana, with a luxury residential project. Currently under approval, this venture is expected to kick off by the first or second quarter of FY26.

This expansion marks the company’s strategic move to tap into the lucrative northern India market, complementing its stronghold in Mumbai.

Major Land Acquisition Strengthens Gurugram Plans

In November 2023, Oberoi Realty acquired 14.81 acres of prime land in Sector-58, Gurugram, for INR 597 crore. With a development potential of approximately 2.6 million sq. ft., this land will host a premium luxury residential group housing project.

The acquisition highlights Oberoi Realty’s focus on high-end, large-scale developments, catering to the growing demand for luxury living in the region.

Strategic Growth and Market Impact

With the launch of Sky City Mall and its ambitious Gurugram project, Oberoi Realty Mumbai continues to solidify its position as a leading player in India’s real estate sector. The dual focus on retail and residential projects aligns with the company’s strategy of delivering premium spaces to meet the diverse needs of its clientele.

Highlights of the News

• Second Mall in Mumbai: Sky City Mall in Borivali to open by January 2025.
• First Gurugram Project: Luxury residential housing in Sector-58, Gurugram, launching by FY26.
• Land Acquisition: 14.81 acres purchased in Gurugram for INR 597 crore in November 2023.
• Development Potential: The Gurugram project spans approximately 2.6 million sq. ft.
• Strategic Expansion: Oberoi Realty strengthens presence in both Mumbai and northern India markets.

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