Review: Raheja The Delhi Mall

Rahejadelhimallreview

Raheja The Delhi Mall is the first mixed-use commercial development in New Delhi with multi-level lift car parking and is a part of the ultra-luxury residential project The Leela Sky Villas which is the tallest planned residential tower in Delhi.

Location of The Delhi Mall

Earlier the location of the project is known as a Kathputhli Colony slum area, but after the Delhi Government`s decision to redevelop this area residents of this colony are shifted to the Anand Parbat area and the land has given to Raheja Developers.

The Delhi Mall is located at a very prime location on Patel Nagar road adjacent to Shadipur flyover and opposite to Delhi Milk Scheme. The project is very well connected to public transport facilities and the nearest metro stations are Shadipur metro station and Kirti Nagar metro station.

Raheja The Delhi Mall is located right in the middle of a high-density population area and within a 5 km area, there are not many shopping mall options. So most of the families go to South Delhi or Gurgaon for shopping and dining out.

Raheja Delhi Mall Concept

According to the developers, Delhi Mall will offer a unique shopping experience that is yet unseen in Delhi NCR. The project has a special zone dedicated to shopping, anchor store, entertainment, and food court. Here most of the shops are atrium facing which gives them high visibility.

  • Retail shopping on the ground, first and second floor
  • Entertainment zone and food court on the third floor
  • 9 screen INOX Cinema on 4th floor
  • Pubs and brewery on 5th floor
  • The 7th to 11th floors are for boutique
  • Luxury jewelry and automobile showrooms with multi-level car parking on the 7th to 11th floor

Raheja Mall Snapshot

  • Promoters: Raheja Developers
  • Land: 5.5 acres (3 acres Leela Sky Villas and 2.5 acres Delhi Mall)
  • Status: Under Construction
  • RERA Registration No: DLRERA2018P0013
  • Extended Possession Date: End 2023
  • Minimum Investment: 59 lakhs

Drawback

Although Raheja Delhi Mall is situated at a very prominent location in central Delhi, the area is very congested and there is mostly traffic jam there. Many potential buyers hesitate to invest in this project just because of its location as they feel the location is not good for a project like this.

Watch Video of Raheja The Delhi Mall

Another drawback in this project is the high ticket size, in today`s scenario, there are very less customers who are ready to invest 59 lakhs or more that too in a virtual space property. Starting range for physical space or self-use property options is approx. 1.50 cr that too is very high for most of the buyers.

Positive Points

The way Raheja Developers are planning to run this mall is very good for investors. Developer will keep the leasing rights with them so that only reputed brands can run their outlet here and the investor doesn’t have to look for tenants for their property.

Raheja Delhi Mall has no competition at least for the next few years, planning and offerings in the mall are in a way that there will be high footwall in the mall. That means brands having stores here can have high sales and space here will be always in demand, so the investors can get a good return on their investment.

Conclusion

Overall investing in Raheja Delhi Mall is a good option if you have funds and have an investment plan for at least 5 years. I suggest you do your research before investing here and if you have any query you can mail me at hello@vikasjoshi.in or call 9599705565

Read: Why it’s a Good Idea to Invest in Commercial Office Space

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Review: Raheja The Delhi Mall
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Review: Raheja The Delhi Mall
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If you want to invest in commercial retail property in Delhi NCR, read a review about the Delhi mall
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