DLF to construct mall across 27 lakh sq ft in Gurugram

Prominent real estate developer DLF plans to construct a 27 lakh sq ft mall in Gurugram. Dubbed the 'Mall of India', this retail development is a part of DLF's strategic expansion plan, reflecting its confidence in the retail sector's resurgence following the COVID-19 pandemic.

To be constructed with an estimated investment of approximately Rs 2,200 crore, the mall will enhance the retail footprint of DLF and enable it to capitalise on the rebound in retail consumption in India. Currently boasting a retail space of around 42 lakh sq ft, distributed across nine properties primarily in Delhi-NCR, DLF is poised to further solidify its position in the market.
Sriram Khattar, Vice Chairman and Managing Director-Rental Business, DLF, says, the demand for retail space by retailers across India is expected to rise as the sector recovers from the post-pandemic downturn and footwalls and sales across malls rises.

Besides the 'Mall of India' project, DLF also plans to construct a premium mall in Goa spanning 6 lakh sq ft. Moreover, the company is focusing on developing high-street shopping centers adjacent to its housing projects, catering to the needs of local communities.

The mall in Goa and two shopping centers in Gurugram and Delhi by DLF are likely to operationalised within the next 18 months.