DLF will invest Rs 2,200 crore to build a shopping mall in Gurugram.
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Real estate company DLF has started construction of a 26-27 lakh square feet shopping mall in Gurugram at a cost of about Rs 2,200 crore as part of its expansion plan. “We have started the construction work of ‘Mall of India’ in Gurugram,” DLF Vice Chairman and Managing Director Shriram Khattar said at the CII conference on real estate sector.
New Delhi. Real estate company DLF has started construction of a 26-27 lakh square feet shopping mall in Gurugram at a cost of about Rs 2,200 crore as part of its expansion plan. DLF currently has about 42 lakh square feet of retail area. It comprises nine properties including malls and shopping centres, primarily in Delhi-NCR. About 3.4 lakh sq ft of retail segment is under DLF Limited and the remaining is with DLF Cyber City Developers Limited (DCCDL).
DCCDL is a joint venture between DLF and Singapore sovereign wealth fund GIC. “We have started the construction work of ‘Mall of India’ in Gurugram,” DLF Vice Chairman and Managing Director (Rental Business) Shriram Khattar said at the CII conference on real estate sector. The total size of this mall is 26-27 lakh square feet.” When asked about the investment, he said it would be around Rs 2,200 crore. Khattar also said that in the next 18 months, a mall in Goa and two shopping centers in Gurugram and Delhi will become operational.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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