Neptune Magnet Mall

Neptune Magnet Mall is a 1,056,000-square-foot (98,100 m2)[1] shopping mall in Bhandup, Mumbai, India. It is part of a 22-acre (89,000 m2) satellite township, Living Point, comprising 6 towers of 22 stories each being developed by Neptune Group. Mall tenants include a 60,000 square feet (5,600 m2) Lifestyle store, Piramyd, Easy Day and a 6-screen Cinépolis multiplex. First international multiplex in Mumbai (Cinépolis is a Mexican chain of movie theaters). Neptune Magnet Mall is planned to be the first international standard shopping center in the city. The mall has a Family Entertainment center call GLEOTST and crèche for kids called Happy Minds. The mall houses one of the world's largest retail chains - Metro Cash and Carry.

Neptune Magnet Mall
LocationBhandup, Mumbai, India
OwnerNeptune Group
Total retail floor area1,056,000-square-foot (98,100 m2)
Neptune Magnet Mall Interiors

The mall has been developed by Neptune Ventures & Developers with an investment of Rs 450 crore and it is partially operational with Metro Cash & Carry and Easyday already trading. The project is said to be Mumbai's largest mall spread over a gross leasable area of 10,56,000 sq.ft. with four themed atriums. It is also India's second mall to have an in- house ice skating rink, the first being recently unveiled in Ambience Mall, Gurgaon. The mall also houses Mumbai's biggest two level food court. The entire mall was initially by a Local architect in India But later the Entire Mall Was re-oriented and redesigned by FORREC and maintained by Chattels Property Management Pvt Ltd.

Due to lower occupancy rate and higher operational costs almost all shops of this mall are closed since 17 August 2015. Currently, only McDonald's outlet, Metro Store, and Cinepolis multiplex are open. Cinepolis renovated and re-opened in July 2016. The mall went through renovation and reopened as an office-cum-retail-complex. Now, half of the area is turned into small offices and sold. The remaining space is sold to clients looking for larger offices and a little portion is kept for retail.[2]

References
  1. "Neptune Magnet Mall".
  2. "Neptune Magnet Mall Failure".


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