DLF's Aggressive Retail Expansion Strategy
Mall Development Plans
India's premier real estate developer, DLF Ltd, is set to embark on an ambitious commercial real estate expansion by developing eight shopping malls across metropolitan regions during the current financial year. The company's strategic approach focuses exclusively on leasing retail spaces.
Project Distribution
The comprehensive mall development blueprint includes:
- Four new shopping malls to be launched
- Three malls designated for Delhi NCR
- One mall planned for Chandigarh
Mall Specifications
Metro Mall Characteristics
- Leasable area ranging between 300,000-400,000 square feet
- Construction costs estimated at ₹3,000-4,000 per square foot
Chandigarh Mall
- Relatively smaller compared to metropolitan counterparts
Strategic Focus
DLF Retail's expansion strategy prioritizes:
- Metropolitan markets including:
- Bangalore
- Chennai
- Hyderabad
- Delhi
Future Outlook
The company is maintaining an open perspective on potential market opportunities, with plans to potentially explore smaller cities in subsequent phases. Currently engaged in preliminary discussions with multiple prominent retailers, DLF Retail continues to build its portfolio, which already encompasses five operational malls.