04 April 2022, Mumbai:
Mall giant DLF plans to expand its retail spread by opening malls in Goa and Gurugram with an investment of around Rs 2,000 crore, as well as smaller shopping centres.
DLF plans to construct a 5.75-lakh-sq-ft premium mall in Goa with an investment of Rs 300 crore to Rs 350 crore over the coming two years.
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The business also plans to construct a Mall of India in Gurugram measuring 25 lakh square feet.
The project will require an investment of between Rs 1,500 crore and Rs 1,600 crore, excluding the cost of the land.
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Besides these two malls, DLF also plans to launch three to four new high street shopping centres beginning with developments in Gurugram and Delhi.
The company currently runs eight retail properties, including malls and shopping centres, and its main presence is in the Delhi NCR.
With a current total retail footprint of 42 lakh square feet, DLF runs some of the country’s largest malls.
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CREDITS: Fashion Network report.
