(20 second reading) Realty giant DLF has embarked on the construction of a new 26-27 lakh square feet shopping mall in Gurugram, reflecting its strategic expansion efforts amidst a resurgence in retail activity following the COVID-19 pandemic. With an estimated investment of approximately Rs 2,200 crore, this development underscores DLF’s commitment to bolstering its retail presence.
DLF currently boasts a retail footprint of approximately 42 lakh square feet, comprising nine properties, including malls and shopping centers, predominantly located across Delhi-NCR. Notably, around 3.4 lakh square feet of this retail portfolio falls under DLF Ltd, while the remainder is under the joint venture entity DLF Cyber City Developers Ltd (DCCDL), in partnership with Singapore sovereign wealth fund GIC.