Realty major DLF on Wednesday formally launched its shopping mall in Noida, touted as one of the biggest in the country and built at an investment of Rs 1,800 crore. India’s largest realty firm is expecting about Rs 225 crore rental income per year from this mall, which has a leasable area of about 2 million sq ft.
“DLF Mall of India is our largest in terms of area and investment both. Spread over two million square feet, the mall has been built with an investment of Rs.1,700-1,800 crore,” Sriram Khattar, CEO, DLF Rental Business, said.
In December last year, the real estate major had a soft launch of DLF Mall of India and drew 250 brands in just 4 months.
At present, the mall houses over 330 brands in total, including 18 anchor stores. The company has adopted minimum guarantee plus revenue share model for the benefit of tenants and operations of the mall.