Review: Raheja The Delhi Mall

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

Location of The Delhi Mall

Earlier, the project’s location was known as a Kathputhli Colony slum area. Still, after the Delhi Government decided to redevelop this area, residents of this colony were shifted to the Anand Parbat area, and the land has given to Raheja Developers. The project is located at a prime location on Patel Nagar road adjacent to the Shadipur flyover and opposite the Delhi Milk Scheme.

The Delhi Mall is very well connected to public transport facilities, and the nearest metro stations are the Shadipur metro station and the Kirti Nagar metro station. Raheja, The project, 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 families go to South Delhi or Gurgaon for shopping and dining out.

Raheja Mall Snapshot

• Promoters: Raheja Developers
• Type: Retail Shops
• Land: 5 acres (3 acres Leela Sky Villas and 2 acres Delhi Mall)
• Status: Under Construction
• RERA Registration No: DLRERA2018P0013
• Extended Possession Date: Mid-2024
• Minimum Investment: Call for price
• Payment Plan: Call for details

Raheja Delhi Mall Concept

According to the developers, Delhi Mall will offer a unique shopping experience yet unseen in Delhi NCR. The project has a special zone dedicated to shopping, anchor store, entertainment, and food court. Here, most 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
• Nine-screen INOX Cinema on the 4th floor
• Pubs and brewery on the 5th floor
• Luxury jewelry and automobile showrooms with multi-level car parking on the 7th to 11th floor

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 because of its location as they feel the place is not suitable for a project like this.

Another drawback of this project is the high-ticket size; in today’s scenario, very few customers are ready to invest 1 crore or more in a commercial property. Starting range for physical space or self-use property options is approx. 2.50 cr that too is very high for most of the buyers.

Positive Points

Raheja Developers are planning to run this mall and this is very good for investors. The 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 footfall in the mall. That means brands having stores here can have increased sales, and space here will always be in demand to get a good return on their investment.

Conclusion

Overall investing in Raheja Delhi Mall is a good option if you have funds and an investment plan for at least five years. I suggest you do your research before buying or investing in this project, and if you have any queries or want the best deal in Raheja Delhi Mall, you can mail me at hello@vikasjoshi.in or call 9599705565

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

Frequently Asked Questions (FAQs)

Location of Raheja Delhi Mall

Patel Nagar Road near Kirti Nagar Metro Station

Raheja The Delhi Mall RERA Number

DLRERA2018P0013

Raheja Delhi Mall Possession Date

July 2024