The Ambanis! They are massive. They are trendsetters. They are cosmopolitan and yet, traditional. They are ubiquitous to the realm of the Indian business industry.
They do things like no few others do or possibly can. Perhaps there’s not a single day in the business journey of India where you do not hear two of the most common buzzwords that belong to it- the Reliance group of companies and Mukesh Ambani.
Mega deals, massive takeovers and lasting projects in the domain of energy and infrastructure so commonly define Reliance and Mukesh Ambani that these days, one is hardly surprised when the face of one of India’s dominant business scion appears on the ‘richest’ list that could pertain to India or whether, Asia.
But guess what!
Mukesh Ambani is soon going to bring such a fantastic development to the city described as India’s financial capital that it is bound to leave everyone spellbound and utterly amazed.
But that’s business, as usual many would say given the way the Ambani name conducts its operations.
Yet, there’s something stellar and swanky (at the same time) about the project that’s primed to become the number #1 talking point in the lifeline of the city of Mumbai.
The Reliance Mumbai Mall, may not be ready at the moment, but when it will be, it will simply add a dash of such rich substance to Mumbai’s funk that the two will be perhaps unimaginable without one other- unless one really has that wrong.
A luxury, high-end mall is what prominent Indian cities seek any which way and with the coming of the Reliance Mumbai Mall, it’s certain that the city is going to be get a brand new and fancy signature; it will, quite simply, raise the bar of expectations from what we’ve grown accustomed of seeing in shopping malls in the country.
But before we dive into details about what the brand new project is going to comprise or be about, here’s the basic idea behind the Reliance Mumbai Mall:
It’s a new attempt to upend India’s image as a luxe shopping destination by lending a touch of gravitas and glitz to modern urban shopping centres.
Meanwhile, more details on the aforementioned subject emerged on a news report published on the revered NDTV, and had the following insights that are worth noting:
The ritzy mall, Jio World Plaza, is the centrepiece of Reliance’s bid to lure uber-rich Indians eyeing expensive bags or shoes. Luxury dominance would come on top of its number one position in India’s nearly $900 billion retail market, where it faces intense competition in e-commerce and supermarkets from the likes of Amazon and Walmart.
Three people with direct knowledge of Reliance’s strategy said the push is aimed at leveraging foreign brand partnerships and being ahead of retail rivals in luxury offerings.
The total cost of developing the Jio World Centre – a giant commercial and cultural hub in Mumbai’s Bandra Kurla business district that houses the luxury mall – is upwards of $1 billion, a person with knowledge of the matter said.
But all of that said, it also makes perfect sense as to why the Reliance family is spending big bucks, as they say, toward such a development. By the year 2026, India’s (personal) luxury market is set to grow to a whopping $4.7 billion. The upcoming mall, therefore, points to the driving ambition of the Reliance brand to go big in this direction.
Here’s what’s as telling as the information we know so far. Apparently, the overall size of the Reliance Mumbai mall will be that of as many as 10 soccer fields. And that’s not all; it will have no fewer than four floors!