The two upcoming plazas include Summit Plaza in DLF Phase Five, a premium residential area, and another in DLF Midtown, West Delhi.
Also Read | DLF targets ₹3,000 crore quarterly collections, bullish on luxury segment
The company is set to open the DLF Promenade Goa, a 700,000 square feet shopping mall that will further enhance its retail footprint. With these additions, DLF Malls’ operational space will expand from 5 million to approximately 6.4-6.5 million square feet by 2025-26 (FY26).
While the overall retail sector has faced some slowdowns due to economic cycles, DLF Malls has continued to see steady growth. While growth was slightly tempered in 2024-25 (FY25), the company saw high single-digit growth, Bector said.
Also Read | Punjab & Haryana High Court orders crackdown on 4,000 illegal constructions in Gurugram’s DLF City
Factors like the heat wave and general elections led to temporary slowdowns, but since November, the market has shown strong signs of recovery. Despite some short-term challenges, demand for premium retail spaces remains robust, with strong interest from both local and international brands.
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