The new project, a retail and commercialled mixed-use development to be known as Down Town, will be constructed on a 23-acre land parcel owned by DLF in Gurugram. The plot is on the highway opposite DLF’s 2.5 million sq ft commercial project Cyber Park.
“The retail mall will be part of this 8 million sq ft project that will also have component of serviced apartments, fivestar hotel and commercial development. The project will be developed in two-three phases in more than five years,” said one of the persons cited above.
The development, to be executed through DCCDL, is expected to supersede the country’s current largest retail development 2.5-million-sq-ft LuLu International Shopping Mall in Kochi and DLF’s own 2-million-sq-ft Mall of India in Noida.