DLF to infuse Rs3,000 crore in retail push over next six years

10 Jun 2022 , 01:29 PM

DLF Limited, India’s one of the largest retail developers, is seeking an investment of Rs3,000 crore within the next six years. The company is targeting to add 5 million sq. ft. over the estimated period.

The company has in line, the development of malls in Gurugram and Goa, high streets in Gurugram, and retail space in its upcoming residential and commercial developments. The majority of the company’s projects will be launched this year.

DLF has an insight that organized retail will witness higher growth than retail as a sector.

Sriram Khattar, MD, rental business, DLF commented, “Our development program should double our retail portfolio over the next five to six years.”

He further stated, “Company’s development plan in Goa will provide a rich retail experience to people residing in Goa.”

DLF Mall of India, Gurugram is in its initial planning stages and is likely to be about one and a half times bigger than DLF Mall of India, Noida.

Khattar further commented, “DLF is introducing a new concept of high-street shopping that primarily serves the residential population in that area and brings high-quality, organized retail to their doorstep.”

At around 1.33 PM, DLF was trading at Rs320.75 down by Rs4.2 or 1.29% from its previous closing of Rs324.95 on the BSE.