DLF to add 2.3 million square feet in retail portfolio

DLF will add 2.3 million square feet to its existing 4.2 million square feet of retail portfolio with six new properties as part of their expansion plans.
This will include 3 premium neighborhood plazas such as Summit Plaza in DLF 5, Gurugram, Midtown Plaza in Moti Nagar, Delhi and New Gurgaon Plaza in Sector 91, Gurugram and 2 office retail spaces, The Hub in Chennai and Cyber Park in Gurgaon.

In addition to this, DLF Retail will be entering the Goa market with Patto Plaza, a 0.3 million square feet premium offering at one of the most prime localities in the city.

“We are introducing a new line of growth with the introduction of premium neighborhood plazas. These will complement our premium residential developments enhancing the quality of our DLF customers,” said Pushpa Bector, Executive Director- DLF Retail.

“Goa is an exciting market and our premium offering will offer the urban Goan resident a boost to the lifestyle experience. We will continue to expand and deliver enhanced experiences by adding to our already existing retail mix through the coming years ahead,” she added.

The addition signifies DLF’s continued growth not only in Delhi NCR but also across India with newer regions such as Chennai and Goa.

DLF Malls operates 4.2 million square feet of retail space, with 673 brands including over 300 international and 168 F&B outlets and 26 movie screens across malls.

DLF Malls has signed 158 brands across categories in its 8 premium and luxury properties in Delhi-NCR during Covid19.

While it has been a difficult year for businesses across the globe, the retail industry has been very optimistic and organized retail has bounced back after the second wave.

DLF Malls has also deployed the H14 grade HEPA filtration system keeping the health and safety of its guests at the forefront. This newly launched deployment has been installed across all DLF Malls including DLF Avenue- Saket, DLF Promenade- Vasant Kunj, DLF Mall of India- Noida, DLF Emporio– Vasant Kunj and The Chanakya- Chanakyapuri and aims to provide a safe experience to all customers who are visiting the properties to shop, dine and entertain themselves with their families and friends.