DLF to invest Rs 16,000 cr

New Delhi:

Real estate company DLF plans to invest Rs 16,000 crore over the next 3-4 years to develop up to 18 malls across the country. According to sources, the investment would flow into mall projects in Chennai, Hyderabad, Kochi, Kolkata, Bangalore, Panipat, Jalandhar, Baroda, Goa, Mumbai and Ludhiana. In all, the shopping projects will entail 22 million square feet. DLF had recently announced it would raise about Rs 6,000 crore from overseas market to execute its business plans that includes investment in projects in India and abroad, and in buying shares in DLF Offices Trust’s public issue in Singapore.