OMR Mall Developers to build 5,40,000 square feet Marina Mall in Chennai
OMR Mall Developers Pvt Ltd (OMRD) plans to construct a 5,40,000 square feet shopping centre, Marina Mall, on the Old Mahabalipuram Road (OMR or Rajiv Gandhi Salai) in Chennai. The mall has been designed to give a 360-degree view from the main atrium. The centre will have an eight-screen multiple
Published -
Nov 24, 2017 5:02 AM
OMR Mall Developers Pvt Ltd (OMRD) plans to construct a 5,40,000 square feet shopping centre, Marina Mall, on the Old Mahabalipuram Road (OMR or Rajiv Gandhi Salai) in Chennai. The mall has been designed to give a 360-degree view from the main atrium. The centre will have an eight-screen multiplex, a large family entertainment centre and about 100 stores, including key retailers such as Lifestyle, Spar Hypermarket, Inox, Pantaloons, Reliance Trends, Max Fashions, Home Centre. The company said it has raised a debt funding of Rs 244 crore from Kotak India Real Estate Fund for the completion of its shopping centre. OMRD is a special purpose vehicle promoted by Mukrim Habeeb and developer Allied Investments and Housing Pvt Ltd. “This funding will help fast track the development of our Marina Mall in Chennai, which we expect to become a shopping destination. This will be the only Grade-A shopping centre in a 25-km radius, housing top national and international brands and fulfilling the social need of the OMR stretch," said Habbeb. A 126-room hotel and a residential property will also be developed at Marina Mall, with an additional 4.50 lakh square feet of car park. The project is expected to be finished within 8-10 months.
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