Where one size fits none: Developers plan to build a dozen mega malls

According to Anarock Property Consultants, over a dozen malls with 1 million sq. ft of area are coming up in the country

DLF, the country’s largest property developer, is planning to build a mega mall in Gurugram. According to sources, it will be bigger than its 2-million square (sq.) feet (ft) Mall of India in Noida, as it has a larger plot in Gurugram.

Mall of India in Noida is already the country’s largest mall, spread across seven floors and divided into five zones and has 400 brands.

DLF is not alone. Faced with fierce competition from e-commerce companies and fatigue for normal shopping centres, leading mall developers, such as Phoenix Mills and Lake Shore, backed by global private equity (PE) firms,