DLF unveils Rs 1,800 crore shopping mall in Noida

Real estate major DLF formally launched its shopping mall in Noida yesterday, touted as one of the biggest in the country and built at an investment of Rs 1,800 crore. DLF is expecting about Rs 225 crore rental income per year from this mall, which has a leasable area of about 2 million sq ft. In December last year, the real estate major had a soft launch of DLF Mall of India and drew 250 brands in just 4 months, reported by PTI. At present, the mall houses over 330 brands in total, including 18 anchor stores. The company has adopted minimum guarantee plus revenue share model for the benefit of tenants and operations of the mall.