DLF Expands Retail Footprint with New Projects in Goa, Delhi, and Gurugram

Real estate developer DLF is set to expand its retail portfolio in FY26 with plans to launch a shopping mall in Goa and two neighbourhood plazas in West Delhi and Gurugram, adding nearly 14 lakh square feet of retail space. The move aligns with the company’s continued focus on organised retail and confidence in India’s rising consumption patterns.

Pushpa Bector, Senior Executive Director and Business Head at DLF Retail, confirmed that three retail properties would be operational within this financial year. The first among them—DLF Midtown Plaza in Moti Nagar, West Delhi—spanning 2.88 lakh sq ft, is expected to open in the next few months. Later in the year, DLF will unveil DLF Summit Plaza in Gurugram, covering approximately 4.8 lakh sq ft.

According to her, these neighbourhood plazas are being strategically developed adjacent to DLF’s residential condominiums. The aim is to create self-sufficient, community-centric spaces that blend lifestyle amenities with convenience retail. Designed to offer premium experiences similar to upscale urban hubs, the plazas will include boutique cinemas with limited seating, fitness and wellness facilities under the brand ‘Thrive by DLF,’ co-working spaces, artisanal cafés, and a curated mix of food and beverage outlets along with both international and homegrown brands.

DLF’s retail expansion also includes a major entry into the Goa market. Bector shared that the company will open a 7 lakh sq ft mall early next year, which will be the state’s largest. She noted that Goa presents a strong opportunity due to shifting demographic patterns, including an influx of residents from major metros like Mumbai, Bengaluru, and Delhi. The relatively affluent local population and the lack of organised retail infrastructure make it a promising market for premium retail offerings.

Looking ahead, DLF is also developing a massive 25 lakh sq ft mall in Gurugram as part of its broader retail strategy. Bector pointed out that the organised retail sector has rebounded significantly after the COVID-19 pandemic, with increased footfalls and strong sales across DLF’s existing malls. She observed that resilient domestic demand continues to drive this momentum, particularly in lifestyle-focused retail.

The food and beverage segment remains a high performer, currently accounting for about 20–22% of the company’s retail occupancy. Presently, DLF’s retail footprint includes eight properties, with a total area of around 45 lakh sq ft. These assets, along with its office complexes, are primarily managed under DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and Singapore’s sovereign wealth fund, GIC.

Image source- dlf.in