Why is DLF planning to invest Rs.2,000 crore in Gurugram and Goa?

DLF, one of India’s leading North based real estate developer, plans to invest Rs.2,000 crore to construct two new shopping malls in the emerging towns of Gurugram and Goa. In fact, DLF sees huge potential in organised retail with a lot of revenge buying coming in. That is the reason, after downplaying its retail realty portfolio for the last few years, DLF is again planning to go on an extremely aggressive spree of retail, but more about that later.

Currently, DLF has a real estate footprint of 42 lakh SFT spread across 8 properties. This includes including malls and shopping centres in the Delhi-NCR region. DLF currently has the requisite credibility with the retailers to the extent that the big retail names automatically come in. This has ensured that DLF gets the necessary client response even in the midst of tough times, especially in the aftermath of the pandemic.