A 50-Storey Sea-View Address Rising at Haji Ali, Mahalaxmi
3, 4 & 5 BHK · Price on Request
K Raheja SOBO Central Residences marks the transformation of a site with an unusual civic history into a residential address. K Raheja Corp is set to transform SOBO Central Mall, India's first mall, into an exclusive luxury residential project, on a prime 1.3 Acres area in Haji Ali, Mumbai. The mall traded through several identities over a quarter century before this redevelopment began, and its footprint now forms the base of a single sea-facing tower.
Living here will mean occupying a stretch of South Mumbai defined less by density and more by proximity, to the Arabian Sea, to the Mahalaxmi Racecourse, and to a cluster of addresses that have anchored the city's old wealth for generations. The promise is not of a gated township but of a singular building set into an established, walkable part of the city, where the sea is a daily backdrop rather than an amenity brochure line.
The scale of the plan itself signals intent. The mall is anticipated to pave the way for an approximately 50-storey sea-view edifice with a potential development area of nearly 250,000 sq ft. A tower of this height on a site this size is uncommon in a part of Mumbai where most redevelopment parcels are considerably smaller, and it places the project in the company of the city's more ambitious vertical residential builds.
The timing follows a broader shift in how developers are approaching South Mumbai's oldest commercial real estate. The mall, which covers 1.3 acres, was purchased for Rs 476 crore from the Bansi Mall Management Company, a subsidiary of Kishore Biyani's Future Group, with the property having been part of a liquidation process led by Canara Bank. That transaction cleared the way for K Raheja Corp, a developer already established in Mahalaxmi through Raheja Vivarea, to bring a second landmark residential address to the same micro-market.
For those tracking South Mumbai's limited supply of large, sea-facing plots, this redevelopment is one to watch as plans are finalised.
| Configuration | Size | Starting Price |
|---|---|---|
| 3 BHK Sea-facing residence planned within the 50-storey Haji Ali tower | On request | |
| 4 BHK Larger luxury layout positioned on the Mahalaxmi redevelopment site | On request | |
| 5 BHK Premium sea-view residence at the upper tiers of the tower | On request |
Detailed master plan and unit-wise floor plans available on request.
Mahalaxmi, South Mumbai · Mumbai
Mahalaxmi sits at the hinge between South Mumbai's older, low-rise neighbourhoods and the newer commercial corridor running toward Worli and Lower Parel. The area is anchored by landmarks such as the Haji Ali Dargah and the Mahalaxmi Racecourse, and it borders some of the city's most established addresses, including Carmichael Road, Pedder Road and Altamount Road. Real estate consultants regard this plot as one of the larger parcels available in the vicinity of Carmichael Road, Pedder Road, and Altamount Road, renowned as India's Billionaires' Row. Most surrounding land in the pocket is committed to smaller housing-society redevelopments, which makes a site of this scale uncommon here.
The specific value of this address lies in its combination of heritage and scarcity. The site encompasses 1.3 acres in South Mumbai's premium Haji Ali neighbourhood and was launched in the late 1990s as Crossroads. A plot this size, facing the Arabian Sea and positioned between South Mumbai's old-money enclaves and its evolving business district, is rarely available for a single, ground-up residential tower.
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The coastal road linking Marine Drive to Worli runs along South Mumbai's western edge, improving north-south drive times for residents near Haji Ali and Mahalaxmi.
The Colaba-Bandra-SEEPZ underground metro corridor includes a Mahalaxmi station, adding a rapid transit option connecting South Mumbai to the western suburbs and BKC.
The existing sea link continues to shorten travel between South Mumbai and the western suburbs, with the Haji Ali stretch positioned close to its southern approach roads.
This link is planned to connect central Mumbai to the Mumbai Trans Harbour Link, improving eastbound access from the South Mumbai peninsula toward Navi Mumbai.
Continued office and retail development along the Lower Parel-Worli belt keeps a dense employment and lifestyle catchment within a short drive of Mahalaxmi.
The tower rises on the footprint of Crossroads, later SOBO Central, the mall that opened India's organised retail era in the late 1990s, giving the address a rare civic history within South Mumbai.
At 1.3 acres, the plot is significantly larger than the housing-society redevelopment parcels that dominate the surrounding Carmichael Road and Pedder Road belt, allowing a single, purpose-built tower.
The redevelopment envisions a tower of roughly 50 storeys with sea-facing orientation, a height and scale that stands out among South Mumbai's older, lower-rise residential stock.
The site sits adjacent to Carmichael Road, Pedder Road and Altamount Road, among the most established high-value residential addresses in the country.
K Raheja Corp operates Raheja Vivarea in the same locality, giving the group an established presence and operational familiarity with this specific South Mumbai micro-market.
The redevelopment is backed by a developer with a multi-decade history across residential, commercial and hospitality real estate in Mumbai, Pune and Hyderabad, including landmark developments such as Mindspace and Inorbit.
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