DLF is eying Rs 200 crore rental income per year from its large luxury shopping mall in Noida --‘DLF Mall of India’ -- to be launched early next year. In this regard, the company has leased around 90% of the area and the mall is expected to be launched in February-March 2015, adding that more than 200 brands have signed so far.
‘DLF Mall of India’ with 2 million sq ft of leasable area is being developed in Noida in the National Capital Region at an investment of Rs 1,100 crore and touted as one of the biggest in the country.
DLF's annual rental income from commercial properties, including offices and shopping malls, stood at Rs 1,950 crore last fiscal. Moreover, the rental income is expected to reach Rs 2,500 crore during 2015-16 fiscal on the back of normal 8-10% growth plus additional Rs 200 crore coming from Noida mall.
At present, the company has about 28 million sq ft of operational commercial area, of which about 2.5 million sq ft is retail. It has three operational malls in the national capital.
