Mumbai: Realty major, HDIL, and the Kishore Biyani-led Future Group have agreed on a pre-lease for the entire retail space at Metropolis Tower in suburban Andheri.
The project has over a million square feet mixed use development of which 10% area has been leased to the Future Group, a press release issued here today stated.
Metropolis Tower, a prime mixed-use development, has office spaces, retail, entertainment and hospitality and is located in the affluent locality of 4 Bungalows.
Metropolis Tower is located next to the upcoming metro station.
“Centrally located within the upscale residential and business districts of 4 Bungalows, Versova and Lokhandwala, Metropolis Tower will be an iconic landmark that will cater to all business, entertainment, retail and F&B needs of this prime area,” the release said.
“We are extremely pleased to welcome the Future Group into Metropolis Tower. The very brand denotes a varied shopping experience that will capture the entire locale,” HDIL’s managing director, Sarang Wadhawan, said.
“Metropolis Tower is built on a formidable grid of planning and we are sure that it will soon be a premium business and entertainment destination in the city. This deal signifies that the commercial and retail real estate are on an upswing and the real estate market has significantly recovered post correction,” Wadhawan said.