DLF Retail to develop new mall properties

12 November 2021, Mumbai:

DLF will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan. The realty major will develop three premium neighborhood plazas -- Summit Plaza in DLF 5, Gurugram, Midtown Plaza in Moti Nagar, Delhi, and New Gurgaon Plaza in Sector 91, Gurugram. It will also come up with two office retail spaces -- The Hub in Chennai and Cyber Park in Gurugram. DLF will also enter the Goa market with Patto Plaza, a 0.3 million square feet premium shopping mall.

The addition signifies DLF’s continued growth not only in Delhi NCR but also across India with newer regions such as Chennai and Goa. The company plans to expand its shopping malls portfolio. This expansion will be completed over the next two or three years. DLF is introducing a new line of growth with the introduction of premium neighborhood plazas.

Presently, DLF has a retail portfolio of 4.2 million square feet, with 673 unique brands including over 300 international and 168 F&B outlets and 26 movie screens across malls. It has eight retail properties, including the DLF Mall of India at Noida, mainly in Delhi NCR. DLF Mall of India in Noida on-boarded more than 20 new brands in the September quarter.

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