India, Aug. 14 -- The announcement of Apple's second Mumbai store at Oberoi Sky City Mall in Borivali East has boosted property market sentiment in the area. While no direct rise in surrounding real estate prices has been observed yet, consultants believe premium retail developments like this can drive long-term appreciation in nearby residential and commercial values.

Experts note that prices within the Sky City project have already increased, and capital as well as rental values in the vicinity are expected to climb once the full ecosystem, including the mall, commercial office space, and a Marriott Hotel, becomes operational.

Apple India has leased 12,616 sq ft retail space in Mumbai's Borivali suburb for Rs.17.35 lakh monthly rent a...