Real Estate Gurgaon

Real estate major DLF has chalked out an aggressive expansion plan to invest Rs 30,000 crore by 2015, for developing 100 million square feet retail space. The capital-based DLF, which is coming out with perhaps the country's largest initial public offer to raise more than Rs 10,500 crore, has already started working on its upcoming 34 shopping malls covering 21 million sq ft. DLF is eyeing to capture 5 per cent share of retail space in the next ten years across the country.

It is banking on the rapid growth in organised retail sector, which is expected to go upto 45-50 billion dollars in 2015 from just 7-8 billion dollars in 2005.The company has made an elaborate plan to develop 100 million sq ft retail space by 2015 under six different formats- prime downtown shopping districts, shopping centres, stand-alone stores, neighbourhood malls, destination malls and super luxury malls.

DLF intends to set up 22 stand-alone stores in one to two lakh sq ft each while 10 super luxury malls would be developed in three-four lakh sq ft each, to fulfill the needs of large format retailer for self-owned stores.
The largest up-coming mall which is currently under execution happens to be Gurgaon-based mall of India, spread over 32 acres with covered retail space of four million sq ft.


Source:http://www.zeenews.com/