DLF, country’s largest real estate developer plans to add 5 million square feet by investing Rs. 3000 crores in the next 5-6 years.
Malls in Gurugram and Goa have been planned by developer, as well as retail space in forthcoming residential and commercial establishments majority of which are planned to be inaugurated this year. Managing Director of rental business, DLF, Mr. Shriram Khattar said that organised retail will grow faster than retail as a sector. He also said that the group’s development program would be doubling its retail portfolio in coming 5 to 6 years.
Country’s richest state by per capita income, Goa is one major target destination. Mr. Khattar talked about the realtor’s development in Goa and providing the highest standard of retail experience to the population of Goa. The DLF mall coming up in Goa will measure around 5.5 lakh square feet. DLF mall of India, Gurugram which is in the planning stage will be one-and-half times larger than DLF mall of India, Noida. The group is introducing a new intellection of high-street shopping that will victual to the needs to the residents and bring epitome standard of retail to their doorsteps, as said by Mr. Khattar. Development of one such centre has commenced in DLF 5 in Gurugram, and same is planned to be followed in New Gurugram and West Delhi.
According to analysts, footfalls in malls have retrieved back to 95% pre Covid level.
Executive Director of DLF Retail, Pushpa Bector said that the realtor has a strong and influential relation with tenant and our Agents and its sure of their support in the forthcoming times. It is also developing strong office amenities for office tenants, which will make it exhilarating for office-goers to back to work.
Resource: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/dlf-plans-to-invest-rs-3000-crore-over-six-years-in-retail-push/articleshow/92113852.cms
