11 April 2022, Mumbai:
Realty major DLF plans to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organized retail with the opening up of the economy.
Sriram Khattar, Managing Director, DLF Rental Business, the company will develop two new shopping malls, including ‘Mall of India’ Gurgaon and four neighborhood shopping centres.
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At present, DLF has a retail footprint of 42 lakh square feet comprising eight properties, including malls and shopping centres, mainly across Delhi-NCR.
DLF will invest around Rs300-350 crore over the next two years.
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It is also in the advanced stage of planning for the ‘Mall of India’ Gurgaon comprising 2.5 million (25 lakh) square feet area,
The construction is expected to start by the end of this year. The project cost of ‘Mall of India’ Gurgaon would be around Rs 1,500-1,600 crore, excluding land costs.
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