| September 17, 2008 | |
DLF Retail Developers Ltd, an arm of India’s largest real estate developer, plans to put up gas stations and auto servicing centres at three of its mall developments. The decision, according to Arvind Nair, managing director of DLF Retail, is to differentiate and provide a wholesome shopping experience to Indian households. “We are currently in talks with public and private oil companies to set up these services in our malls. The facility will be there only in the large developments branded as Mall of India,” said Nair.
DLF Retail is currently developing 11 mall projects across 8 cities in the country. The total area under development is around 10 million square foot. The three malls that will feature the aforesaid facility are located in Gurgaon, Noida and Bangalore. The total area under development across these 3 malls is about 7.5 million square foot. On the timeframe for signing up the partner for gas stations and auto servicing centres Nair said that the management should be in a position to conclude it by December 2008.
News Published Under: Real Estate Developers |
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