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DLF is set to expand its retail portfolio by opening three shopping malls in Goa, Delhi, and Gurugram by the end of FY26. With a combined space of approximately 14 lakh square feet, the developments aim to tap into the growth of organised retail in India. DLF's senior executive, Pushpa Bector, highlighted key projects like 'DLF Midtown Plaza' in Moti Nagar, 'DLF Summit Plaza' in Gurugram, and a large mall in Goa. The company is optimistic about the retail sector's post-COVID recovery, particularly the rise of F&B spaces in malls.
DLF, a leading player in the real estate sector, plans to open three major shopping malls in the fiscal year 2026, spanning a combined area of approximately 14 lakh square feet. The malls will be located in Goa, Delhi, and Gurugram, as the company maintains a positive outlook on the growth prospects of organised retail in India. Advertisement
In a recent discussion with PTI, Pushpa Bector, Senior Executive Director and Business Head at DLF Retail, confirmed the opening of these retail spaces within the current fiscal. She mentioned that "DLF is set to open three retail properties during this financial year," with each one strategically positioned to enhance the retail landscape.
Currently, DLF operates a portfolio of eight retail properties, including a major shopping mall in Noida, totalling around 45 lakh square feet of retail space. As part of its upcoming developments, DLF plans to launch 'DLF Midtown Plaza' in Moti Nagar, New Delhi, within the next few months. The mall will span over 2 lakh square feet, with around 75-80 percent of the space already leased or nearing finalisation.
Additionally, 'DLF Summit Plaza' in Gurugram is set to cover about 4.8 lakh square feet, with over 4 lakh square feet dedicated to retail, while the remaining area will be reserved for coworking spaces. Another exciting project will see DLF open a 7 lakh square foot mall in Goa early next year, which will be the largest mall in the region.
Bector pointed out that the new shopping centres in Gurugram and Delhi's Moti Nagar are strategically located near DLF's residential projects, aiming to meet the needs of local residents. Looking ahead, DLF is also working on an ambitious 25 lakh square feet retail complex in Gurugram as part of its expansion plan.
The bulk of DLF's commercial assets, including both office and retail spaces, are managed by DLF Cyber City Developers Ltd (DCCDL), a joint venture with Singapore's sovereign wealth fund, GIC.
Reflecting on the sector's recovery, Bector noted that the organised retail sector has seen a significant resurgence post-COVID, with increased footfalls and higher sales in shopping malls. "The F&B segment is particularly thriving, occupying around 20-22 percent of our retail space," she remarked, highlighting a key trend in consumer preferences.
DLF continues to dominate the Indian real estate market, holding the title of the country's largest real estate firm by market capitalisation. Since its inception, the company has developed over 185 projects, covering more than 352 million square feet. With a development potential of 220 million square feet across residential and commercial segments, DLF remains at the forefront of India's real estate industry.
The expansion in Goa, Delhi, and Gurugram is not only designed to cater to increasing consumer demand but also integrates with DLF's residential developments, reflecting a comprehensive approach to urban growth.
Source: PTI
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