Bhumi World to launch Rs 2 billion outlet mall in Bhiwandi

22 Dec 2025 CW Team

Bhumi World has announced plans to launch The Outlet Mall of India, a flagship retail development with an investment of around Rs 2 billion, aimed at transforming Bhiwandi into a lifestyle and consumption destination within the Mumbai Metropolitan Region. The project, one of the country’s largest outlet malls, is scheduled for launch around mid-March 2026.

Strategically located in Bhiwandi, a region increasingly evolving from a logistics hub into a broader economic corridor, the outlet mall will operate on a 365-day discount model, offering year-round value-driven shopping. The development is positioned to attract shoppers from Mumbai, Thane, Pune and Nashik, addressing growing demand for organised retail formats outside traditional city centres.

Beyond retail, the project is expected to act as an economic catalyst for the region by generating employment and creating a new retail-led growth corridor. The mall will house a curated mix of international and domestic brands across categories including fashion, lifestyle, electronics, home décor and food and beverage.

Commenting on the announcement, Prakash Patel, Chairman and Managing Director, Bhumi World, said the project is envisioned as more than a shopping destination. He noted that the outlet mall aims to introduce a global standard of ‘retailtainment’ in India while supporting local economic growth and employment.

The project’s location is expected to benefit from strong regional connectivity, including access via the Mumbai–Nashik Highway and the Samruddhi Expressway, strengthening Bhiwandi’s position on the MMR consumption map.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..