The company is planning to launch 7-8 new malls this year. Three of the malls are coming up in Delhi NCR and one in Chandigarh. The size of each mall is expected to be between 300,000 to 400,000 sft. DLF leases space in Mall to retailers.
With the current slowdown, we have informed reports that retailers are re-negotiating for rentals in malls and in some cases moving out.