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Rs 3,000 crore for new malls by DLF

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The largest firm in realty India – DLF Ltd is planning for extending their area with few more investment in new future. According to the sources of www.propertykhazana.com around Rs 3000 crore will be invented in next five years for the development of shopping malls round the country. If it comes in a true note it will definitely boost up the FDI records in retail sector. It was made confirm that retail space of approximately 3.5 million to 4 million square feet is on the card of development once the final proceedings get complete.
An approval of foreign direct investment of 51 per cent in multi brand a full 100 per cent in single brand segment is made by the government yesterday. In next three to five years this sector will be in climbing more steps ahead for better benefits of the consumers with the DLF investment of Rs 2000 to Rs 3000 crore as stated by Vice chairman Rajib Singh. He further hints at the various locations of NCR, Jalandhar, Lucknow, Kolkata, Kochi, and Indore along with the other capital cities of the country for their next ventures. Interestingly one wing of the DLF manages the malls and the other makes construction of the malls posing around 10 operational around the nation. The company make investments around Rs 1200 crore to Rs 1500 crore every year for the purpose of land purchasing from various agencies and owners at various prime locations and the same range goes for the capedx for the period of 2012 -13. There is also expectations of Rs 2000 crore to Rs 2500 crore from the proposed deal.
Source: NIMMA BENGALURU

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