DLF, one of India’s biggest names in real estate, is ramping up its retail footprint with three new shopping destinations set to open this financial year across Goa, Delhi, and Gurugram. Combined, these projects will add roughly 14 lakh square feet of space to the company’s expanding retail portfolio.
Speaking to PTI, Pushpa Bector, Senior Executive Director and Head of DLF Retail, confirmed the upcoming launches. “We have three openings lined up this year,” she said, highlighting the company’s confidence in the future of organized retail in India.
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DLF already operates eight retail properties totaling around 4.5 million sq. ft., including the well-known DLF Mall of India in Noida.
Here’s What’s Coming:
- DLF Midtown Plaza, located in Delhi’s Moti Nagar, will be the first to open in the coming months. Spanning over 2 lakh sq. ft., the mall is already close to being fully leased out. “About 75 to 80 percent of the space is already spoken for,” Bector shared.
- Next on the list is DLF Summit Plaza in Gurugram, expected to go live later this year. The property covers 4.8 lakh sq. ft., with over 4 lakh sq. ft. dedicated to retail and the remainder planned for coworking spaces.
- And early next year, Goa will welcome its largest shopping mall yet — a 7 lakh sq. ft. retail hub, also from DLF. “This is going to be a landmark project for Goa,” Bector noted.
Interestingly, the Delhi and Gurugram malls are located close to existing DLF residential complexes — a strategic move to serve the growing population in these neighbourhoods.
Looking Ahead
Beyond these launches, DLF has bigger ambitions in the works. Bector revealed that the company is building a 25 lakh sq. ft. mall in Gurugram, which is expected to become one of the largest in the country once complete.
Most of DLF’s commercial assets — including malls and office parks — fall under DLF Cyber City Developers Ltd (DCCDL), a joint venture with Singapore’s sovereign wealth fund GIC.
The Retail Rebound
The retail sector, Bector said, has seen a sharp rebound since the pandemic. “Footfalls and sales have not just recovered — in many cases, they’ve surpassed pre-COVID levels,” she explained.
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Among the best-performing categories? Food and beverage outlets, which now take up 20–22% of floor space in DLF’s shopping centers — a sign of changing consumer habits and a strong appetite for out-of-home experiences.
