DLF launches Rs 1,800 crore shopping mall in Noida
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.
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.