DLF is planning to develop around 20 large shopping malls in the next 3-4 years, which would entail an investment of Rs16,000 crore. Billionaire K. P. Singh-promoted DLF is coming out with a 4.45 million sq ft “Mall of India” in Gurgaon - touted as the largest such facility in the country.The shopping malls developed by DLF would come up at places like Chennai, Kochi, Hyderabad, Kolkata, Bangalore, Panipat, Jalandhar, Baroda, Goa, Mumbai and Ludhiana.
It may lease out space to reputed national and global brands including Louis Vuitton, Armani, Gucci, Cartier, Christian Dior and Fendi.
The news item contributed by:
Prof P Guha
(Globsyn Business School)
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