DLF has started construction of its new 26-27 lakh square feet shopping mall in Gurugram at a cost of around Rs 2,200 crore as part of its expansion plan amid rebound in retail consumption post-COVID pandemic. At present, DLF has a retail footprint of around 42 lakh square feet comprising nine properties, including malls and shopping centres, mainly across Delhi-NCR. Around 3.4 lakh square feet of retail portfolio is under DLF and the rest under the DLF Cyber City Developers (DCCDL), a joint venture between DLF and Singapore sovereign wealth fund GIC.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
