The mall in the Gurugram will be about 3 million sq. ft. and the mall in Goa will almost cover 5.5 lakh sq. ft.
A senior executive reported that DLF is planning to expand around 5 million sq. ft. in the upcoming years. The company decided to invest around Rs. 3,000 crore.
The company has planned a few new projects and the majority of them will be released this year. The company planned malls in Gurugram and Goa in addition to retail space in its upcoming commercial and residential projects.
Sriram Khattar, MD, rental business, DLF commented “We believe that organized retail will continue to grow faster than retail as a sector,”
“Our development program should double our retail portfolio over the next five to six years” he further added.
Goa is India’s richest state by per capita income and is one of the main destinations. “Our development in Goa will provide a high-quality retail experience to the population of Goa,” he said. He also added, DLF Mall of India, Gurugram is going to be one and a half times bigger than DLF Mall of India, Noida.
“We are introducing a new concept of high-street shopping that primarily caters to the needs of the residential population in that area and brings high-quality, organized retail to their doorstep,”
“Work on one such center has commenced in DLF 5 in Gurugram and we are planning a similar format in New Gurugram and West Delhi,” Khattar added in the conversation.
The mall in the Gurugram will be about 3 million sq. ft. and the mall in Goa will almost cover 5.5 lakh sq. ft.
Pushpa Bector, executive director, DLF Retail said “We have strong relations with tenant partners and we are confident of their support in future expansions. Apart from stand-alone retail destinations, we have created strong office amenities blocks for our office tenants,”
Bector further commented “This will make it exciting for office goers to come back to work”
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