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The Times of India

National

TIMESOFINDIA.COM

DLF to invest Rs 1,700 cr for new shopping mall in Gurgaon

DLF GURGAON New Delhi

NEW DELHI: Realty major DLF is likely to start construction of its new 25 lakh square feet shopping mall in Gurgaon this quarter at a cost of around Rs 1,700 crore to expand business amid surge in demand for quality real estate space from retailers.

At present, DLF has a retail footprint of around 42 lakh square feet comprising nine properties, including malls and shopping centres, mainly across Delhi-NCR. Around 3.4 lakh square feet retail portfolio is under DLF Ltd and rest under the DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore sovereign wealth fund GIC.

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