OMR to get swanky Marina Mall
Posted on: 23/Nov/2017 12:15:49 PM
A 5,40,000 square feet shopping center called the Marina Mall is likely to be set up on the Old Mahabalipuram Road (OMR), as the OMR Mall Developers Pvt. Ltd is devising necessary plans for the same.
A debt funding of Rs. 244 crore is raised from Kotak India Real Estate Fund for completing the construction of shopping center.
To note, Mukrim Habeeb and developer Allied Investments and Housing Pvt. Ltd. Promotes this special purpose vehicle called OMRD.
In the Marina Mall, there will also be a 126-room hotel and residential property, and an extra 4.50 lakh square feet car park will be include too. Within 8 to 10 months, the project is likely to get completed.
Development of Marina Mall in Chennai shall take place in full swing with the help of this funding. This will become the shopping hub on OMR. Across the 25-km radius, this Marina Mall will serve as the only Grade-A shopping center where top national and international brands shall be found. This will cater to the social need of people lying along the OMR.
From this mall, one can take complete 360 degree view of the main atrium. Here, an 8-screen multiplex will also be set up. The mall will be a thorough entertainment center having over a 100 stores. This will encompass retailers like Inox, Pantaloons, Lifestyle, Max Fashions, Reliance Trends, Home Centre, inter alia.
