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 Ltd and the rest under the DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore sovereign wealth fund GIC.
DLF is constructing a premium mall in Goa of around 6 lakh square feet. It is also developing high-street shopping centres near its housing projects to cater to the requirements of people living around
Delhi-RERA Chairman Anand Kumar has urged the real estate developers to file complaints against buyers of they are not making the payment on time. At the CII Real Estate Conference, Kumar said that there is a need to train, skill human-resources in real-estate sector. Kumar said that the for the completion of a project, timely payment from the buyers is necessary.
"There is a trap of investors, which happens," he said, adding that there are many high net worth individuals who purchase many flats in hope of abnormal profit.
"We have started construction work of Mall of India in Gurugram. The total size of this mall is 26-27 lakh square feet," DLF s Vice Chairman and MD (Rental Business) Sriram Khattar told PTI on the sidelines of a CII conference on the real estate sector.