DLF plans to invest Rs 3,000 crore over six years in retail push

The country’s largest real estate developer, DLF, is looking to add around 5 million sq ft in the
next 5-6 years with an investment of about 3,000 crore, a senior executive said.
The company has planned malls in Gurugram and Goa and high streets in Gurugram, in
addition to retail space in its upcoming residential and commercial developments, the majority of
which will be launched this year.
“We believe that organised retail will continue to grow faster than retail as a sector,” said Sriram
Khattar, MD, rental business, DLF. “Our development programme should double our retail
portfolio over the next five to six years.”

Goa, India’s richest state by per capita income, is one of the destinations. “Our development in
Goa will provide a high-quality retail experience to the population of Goa,” he said. DLF Mall of
India, Gurugram, is in the planning stage.
DLF Mall of India, Gurugram, is likely to be about one and a half times bigger than the DLF Mall
of India, Noida. “We are introducing a new concept of high-street shopping that primarily caters
to the needs of the residential population in that area and brings high-quality, organised retail to
their doorstep,” Khattar said.
“Work on one
such centre has commenced in DLF 5 in Gurugram and we are planning a similar format in New
Gurugram and West Delhi.” The Gurugram mall will be about 3 million sq ft, while the mall in
Goa will cover around 5.5 lakh sq ft.
Analysts’ presentations show that footfalls across the company’s malls have recovered to 95%
of pre-Covid levels.
DLF plans to invest Rs 3,000 crore over six years in retail push,
“We have strong relations with tenant partners and we are confident of their support in future
expansions. Apart from stand-alone retail destinations, we have created strong office amenities
blocks for our office tenants,” said Pushpa Bector, executive director, DLF Retail.
“This will make it exciting for office-goers to come back to work,” Bector added.