DLF is expanding with its new malls and data center projects. Sriram Khattar and DLF’s Rental Business team recently shared details about the DLF New Malls and Data Center Expansion.
Mall Expansion Plans
DLF paused its mall expansion plans during the COVID-19 pandemic but has resumed growth with the DLF New Malls and Data Center Expansion, focusing on new retail projects. While doing so, DLF is constructing three new malls in:
Moti Nagar – Central-West Delhi
DLF Phase-5 (Gurugram)
Panjim (Goa)
High-street and Full-Fledged Malls
Whereas Delhi and Gurugram malls would be in a high-street format with luxury shopping experiences in an open environment, the Goa mall will be a complete shopping complex. These projects will start generating revenue from March 2025 to April 2026, with the Goa Mall starting last.
Growth of Retail Space
Currently, DLF has around 5 million square feet of retail space. Upon completion, it will reach 6.3 million square feet with the addition of these malls. DLF is also building its Mall of India in Gurugram, aimed at the city’s growing middle and upper-middle-class, set to open in 2028.
Data Centre Grow
DLF is also making strides in the data center industry. The company opened its first data center about four years ago in Noida Sector 143, right by the Noida-Greater Noida Expressway. While a second one is almost nearing completion, DLF is preparing to build a third data center at the same site with an option to push in a fourth one.
Small Edge Data Centers
These are also called edge data centers, with a capacity of 25 MW each. DLF hires these out to a Singapore-based company that has an option for expanding by leasing more space.
The Focus Should be on Grade A++ Office Spaces
Besides retail and data centers, DLF is concentrating on Grade A++ office spaces with top-notch infrastructure, safety, and sustainability. DLF’s office portfolio includes 45 million square feet of Grade A++ spaces, with Special Economic Zones adding another 14-15 million square feet. These properties are located in prime areas with superior infrastructure and social amenities.
DLF’s Office Portfolio
DLF currently has 45 million square feet of office space in its portfolio, all rated as Grade A++. The Special Economic Zones belonging to the company add another 14-15 million square feet. These Grade A++ properties are present in prime areas with superior infrastructure and social amenities.
Leasing Trends: GCCs and Flex Space Providers
This has propelled the leasing activity in the country, with the GCCs, MNCs, and flex space providers leading from the front. GCCs are renting larger spaces, while flex space providers combine smaller tenants and handle bigger areas.
Demand for Scalable Office Spaces
International companies now seek office spaces that are scalable for them, allowing them to expand their operations without having to move from one building to another. This scalability demand meets the vision of DLF in providing high commercial property.
Conclusion
DLF plans to expand its retail and data center businesses. It will also focus on Grade A++ office spaces, boosting its market position. A company that delivers top-notch, scalable property ensures it will continue to meet the growing demand for retail and commercial spaces.
