Kamala Mills, Lower Parel from Mill Land to Food Land
Kamala Mills, located at Lower Parel, Mumbai is fast turning out to be the Mecca of Food. It used to be the erstwhile Mill Land and now it’s gaining popularity as Mumbai’s Top spot and will soon be fondly called Food Land of Mumbai.
Kamala Mills, Lower Parel has top of the line, non-conventional restaurants serving the most exotic food, international cuisines with utmost creativity.
A few decades back, Lower Parel was known to be the Mill Land and with time the entire area is evolved into a next gen location and a Food Land now. Lodha World One, Lodha World Crest, Indiabulls Blu, Indiabulls Sky, DB Crown, Lodha The Park, Lodha Trump Tower, Palais Royale, Four Seasons Residency are all located within 3 to 10 min of drive time. The apartments in these buildings start minimum from Rs.5 Cr going
The apartments in these buildings start minimum from Rs.5 Cr going up to Rs. 30 Cr or even more in a few complexes. The lease rental value is varying from Rs.2 Lacs and going up to Rs.6 Lacs. So, the restaurant district is supported by the very upmarket crowd which has the spending power. Besides, the top of the line Companies present in the Peninsula Corporate Park like Vodafone, Piramal Realty and many tops of the line corporates add on to the charm and of course the sales for all the restaurants combined.
Mumbai as a city has limited open spaces and any place which is new rocks in Mumbai. Food outlets all over the world served to be it in JBR, Dubai or on Oxford Street, London draw in crowds, tourists and surely business people either entertaining their clients or being entertained. Kamala Mills Compound has surely won a lot of accolades, being in the center of town it’s becoming convenient for people coming in from South Mumbai and Suburbs. The complex is being developed with wider roads at the moment and one can see the management at Kamala Mills leaving no stone unturned to make this into one of the most happening locations in Mumbai.
The approximate lease rental values for restaurants space ranges upwards of Rs.200/- PSF depending on the exact location and size etc. Revenue share model deals can be structured, depending on multiple factors.
If you looking to lease a restaurant space in Kamala Mills, Lower Parel, do connect with us.
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