Yes, malls are planned for this area, but you must look at the official papers to be sure.
Many people ask me if a new mall is coming because they want their house value to go up, but you have to be very careful with what builders tell you.
My life looking at buildings
I have been working in real estate for over 50 years now. I started back when we used paper maps and long measuring tapes. I have watched cities grow from empty dirt fields into giant places with lights and shops. In the 1970s, we did not have these huge fancy malls. We just had small shops on the corner.
When a builder says a mall is coming, it sounds like a dream. Everyone wants to live near a place where they can buy popcorn and watch a movie. But I have seen many people lose their money because they believed a colorful poster instead of a legal paper.
How to know if the mall is real
You cannot just listen to a salesman. They want your money. You have to be like a detective. Here is how I check if a mall is actually planned:
- Look at the Master Plan. Every city has a big map called a Master Plan. This map shows what every piece of land is for. If the map says the land is for a park or a school, the builder cannot just put a mall there.
- Check the RERA website. In India, we use something called Gujarat RERA or other state boards. This is a special government list. If the mall is not on that list with a registration number, it is just a ghost.
- Ask for the Commencement Certificate. This is a paper from the city office. It means the government gave them the green light to start digging. Without this, the project is just a drawing.
- Visit the Sub-Registrar office. This is where the real history of the land is kept. I always tell my friends to go there and check if the land truly belongs to the builder.
Why malls sometimes never happen
I have seen many “planned” malls turn into big holes in the ground that stay empty for ten years. Sometimes the builder runs out of cash. Other times, they did not get the right Environmental Clearance from the government.
If the mall is meant for a fancy area near an Indian Embassy, the rules are even stricter. Security and traffic are big deals. If the builder did not plan for enough car parking, the city might tell them no at the last minute.
My advice to you
Do not pay extra money for a flat just because someone promised a mall. Only pay for what you can see with your own eyes today. If the mall happens, that is a nice surprise. If it does not, you should still be happy with your house.
I have seen too many older folks put their life savings into a “future mall area” only to find out it was a lie. It breaks my heart. Please, be smart. Ask for the Title Deed and make sure the land is clear.
If you see a big sign that says “Mall Coming Soon,” treat it like a storybook until you see the legal stamps. Real estate is about facts, not just pretty pictures. Use your head and keep your wallet closed until the papers are 100 percent correct.
