DLF Planning To Invest Rs 3,000 Crore in a Six-Year Retail Campaign

DLF In addition to retail space in its prospective residential and commercial buildings, the business has planned malls in Gurugram and Goa, as well as high streets in Gurugram.

DLF , the country’s largest real estate developer, plans to expand around 5 million square feet over the next 5-6 years with an expenditure of approximately Rs. 3,000 crore, according to a senior official.

In addition to retail space in its future residential property in gurgaon  and commercial buildings, the company plans malls in Gurugram and Goa, as well as Gurugram high streets.

“We anticipate that organised retail will continue to develop faster than retail as a sector,” said DLF’s rental business MD, Sriram Khattar. “Our development strategy should double our retail portfolio over the next five to six years.”

One of the destinations is Goa, India’s richest state in terms of per capita income. “Our development in Goa will give the Goan population with a high-quality shopping experience,” he added. The DLF Mall of India in Gurugram is currently in the planning stages.

DLF Mall of India, Gurugram, is expected to be around 1.5 times larger than DLF Mall of India, Noida.

“Task on one such establishment has launched in DLF 5 in Gurugram, and we are considering a comparable construction in New Gurugram and West Delhi.” The mall in Gurugram would be roughly 3 million square feet, while the Goa mall would be about 5.5 lakh square feet.

Footfalls in the company’s malls have rebounded to 95 percent of pre-Covid levels, according to analyst presentations.

“We have great relationships with our tenant partners and are confident about their support for future growth. We have constructed a robust office amenities block for our office clients, in addition to stand-alone retail destinations “DLF Retail executive director Pushpa Bector remarked.