By market capitalisation, DLF, India’s largest real estate company, is set to expand its retail and commercial presence with the launch of three new shopping malls in FY26, adding 14 lakh square feet of space to its portfolio. These malls will be located in Goa, Delhi, and Gurugram, signalling DLF’s continued optimism about the growth of organised retail in India.

In an interview with PTI, Pushpa Bector, Senior Executive Director and Business Head at DLF Retail, confirmed the company’s ambitious plans for this year. “We are going to open three retail properties this financial year,” she said. Currently, DLF operates eight retail properties, including a major shopping mall in Noida, and controls a retail space portfolio of 45 lakh square feet. This expansion reflects DLF’s deepening commitment to enhancing its retail infrastructure in key urban locations.

The new retail properties include the upcoming ‘DLF Midtown Plaza’ in Moti Nagar, Delhi, which will span more than 2 lakh square feet. “Around 75-80 per cent of the area has already been leased or is in the final stages of being rented out,” Bector shared. In addition to the Moti Nagar mall, DLF is preparing to open ‘DLF Summit Plaza’ in Gurugram, which will cover 4.8 lakh square feet, with most of the space dedicated to retail and a portion reserved for coworking spaces.

Looking to the future, DLF is also working on the largest shopping mall in Goa, scheduled for early 2026, offering 7 lakh square feet of retail space. These retail centres in Delhi and Gurugram are located near DLF’s residential developments, aiming to serve local communities with integrated shopping and entertainment options.

Beyond retail, DLF is making substantial strides in the commercial real estate sector. The company’s commercial assets are managed through DLF Cyber City Developers Ltd (DCCDL)—a joint venture with Singapore’s sovereign wealth fund GIC—and play a pivotal role in DLF’s overall strategy. These assets include prime office spaces in India’s most sought-after business districts, such as Gurugram, Noida, and Chennai. DLF’s commercial properties are essential to its diversified real estate portfolio, contributing significantly to revenue and long-term growth.

Post-pandemic, DLF has witnessed a remarkable recovery in the organised retail sector, marked by increased foot traffic and higher sales in its shopping malls. “The F&B segment is doing well, occupying 20-22 per cent of space in our retail properties,” Bector noted, reflecting the growing demand for food and beverage outlets within shopping centres. This surge in demand for retail and commercial spaces signals a robust recovery for the sector as businesses and consumers return to in-person experiences.

With the completion of its latest developments, DLF is also expanding its commercial real estate offerings. The company is constructing a 25 lakh square feet commercial space in Gurugram, further bolstering its market position in the commercial real estate segment. The growing demand for flexible office spaces and retail environments has positioned DLF to capitalise on emerging trends in both retail and commercial markets.

As of today, DLF has developed over 185 projects, covering more than 352 million square feet of space across residential and commercial properties. With 220 million square feet of development potential remaining, DLF is well-poised to continue leading the Indian real estate market, ensuring its retail and commercial segments thrive in the coming years.