Now Reading: DLF Retail to double retail space by FY30 with new plazas
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DLF Retail to double retail space by FY30 with new plazas
DLF Retail plans to double its retail footprint to 10 million sq ft by FY30, driven by a mix of large malls and a new neighbourhood plaza format. The company currently operates…
The Story in Brief
DLF Retail plans to double its retail footprint to 10 million sq ft by FY30, driven by a mix of large malls and a new neighbourhood plaza format. The company currently operates 5 million sq ft. Three upcoming properties, DLF Midtown Plaza (Delhi), DLF Summit Plaza (Gurugram), and DLF Promenade Goa (Panjim), will add 1.3 million sq ft, with the plazas expected to boost business by 22-25% once stabilised. The 2.2 million sq ft DLF Mall of India Gurugram is slated for 2029, reports the Economic Times.
Pushpa Bector, Group Executive Director, said the plazas focus on everyday consumption and community, with 18% of space dedicated to F&B. Midtown Plaza houses 150 brands, Summit Plaza 215, and Goa is 70% leased ahead of its Q4 FY27 opening.
The Indian Opinion
The narrative that DLF’s expansion proves an unstoppable retail boom overlooks the fine print: consumer spending is still patchy, and the new plaza format is untested at scale. Midtown and Summit plazas are 95-99% leased, but that is pre-opening hype. The real test will be footfall and revenue per square foot once the novelty wears off. Will the Goa mall, 70% leased today, sustain that momentum in a market notoriously seasonal? That number will settle the question.
Source: retail.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
