📋 Tender Overview
Scope : To Redevelop SOBO Central into Residential Project in South Mumbai, Maharashtra
Real estate developer K Raheja Corp is planning to redevelop SOBO Central Mall in Mumbai into a high-end luxury residential project. The redevelopment plan for the mall spread over 1.3 acres in prime Haji Ali locality in South Mumbai will create around 50-storey sea-view superstructure with nearly 2,50,000 sq. ft. development potential. The project is estimated to yield more than Rs 2,000 crore in revenue.
The developer is expected to finalise the entire plan. It recently acquired the property for Rs 476 crore from its erstwhile owner Kishore Biyani’s Bansi Mall Management Company.
