'Bhumi World's Outlet Mall to start by December 2024'

The outlet mall will be first-of-its-kind housing brands that will offer discounts on all products round the year

- Sandeep Kumar

Bhumi World's Outlet Mall at Bhiwandi near Mumbai is slated to open in December 2024 and with fitouts to begin in July.

The mall is part of a massive development leading developer Bhumi World has planned over 400 acres of land including the Bhumi World Industrial Park spread across 150 acres.

Bhumi World, which started its journey in 2009, has planned the park on a 'plug and play' model, where-in businesses just need to bring the machinery and start manufacturing products.

The park provides facilities like transportation, raw materials, manpower and even training.

The park comprises 2500 manufacturing units from across sectors including printing, plastic engineering, readymade garments, food, pharma, jewellery, furniture, furnishing and, automobile among others.

The project also has a warehousing, manufacturing and distribution centre along with a high-street infrastructure with retail brands and F&B outlets.

Why did you think of building an outlet mall?

Factory outlet malls are a big success, globally. In cities like Bangkok, London and New York such concepts, located merely at an hour's driving distance from the city, are popular shopping destinations. The concept is lacking in India-apart from one outlet mall in Delhi, we don't have much. willing to buy the products, due to its connectivity. To give you an idea, Peter England, the smallest shop of 1,700 sq. ft rakes in a business of about 3 lakh rupees a day.

Similarly, Red Tape clocks about ₹6 lakh on weekends. Due to the discounts, buyers come all the way from Thane, Ulhasnagar, Dombivli, and Kalyan.