DLF Mall of India winsthe prestigious MAPIC ‘Retail Rising Star’award~Becomes the first Indian mall to be awarded at MAPIC~

DLF Mall of India winsthe prestigious MAPIC ‘Retail Rising Star’award~Becomes the first Indian mall to be awarded at MAPIC~

New Delhi, 26November 2013: The largest upcoming retail destination of the country, DLF Mall of India haswon the prestigiousjury award ‘Retail Rising Star’ 2013 at the renowned international summit, MAPIC that held in Cannes, France recently. This is the first time ever that an Indian mall is rewarded at MAPIC. This is a real international recognition amongst the international retail property community, as MAPICsaw the presence ofretailers, retail brands, developers from across 70 countries.

DLF Mall of India submitted the nominations for MAPIC Awards 2013 explaining the unique features of the iconic, innovative and breakthrough project helmed by DLF, the largest commercial real estate developer in India.The 1.9 million square feet retail destination that represented India was one amongst the four projects that were awarded the ‘Retail Rising Star’ jury award. The other three projects that were awarded to the iconic shopping centres hail from China, Brazil, and Russia.

Acknowledging the award, Pushpa Bector, Senior Vice President, Head (Leasing and Mall Management) said“It’s a great honor to be recognized as ‘Retail Shining Star’ by MAPICas it not only acknowledges the premium contribution of DLF Mall of India to the development of the retail real estate industry in India but also highlights its know-how, talent and professionalism. We thank the jury for choosing DLF Mall of India as the retail rising star in the Indian region as it further adds to the credibility of the company and strengthens the ideology of DLF to constantly innovate, create and cater to the discerning consumers”

MAPIC which is the known as the Mecca of international retail gathering is the key meeting point for global retailers and developers to associate. The three day event that showcased the best projects from all over the world and acknowledged the premium innovative and out of league projects in various categories like city and shopping centers, factory outlets, leisure areas and transit zones. This year the summit marked the presence of 8,200 unique participants, 2,430 retailers, 400 new retail brands, 730 exhibiting companies from 70 countries all over the world representing 1,400 brands and 335 investment companies.

Pushpa Bector who received the award on behalf of DLF Mall of India at the MAPIC also participated in the panel discussion on opportunities for the global retailers in India as a speaker. Talking of the opportunities that the foreign brands will have in India, Pushpa Bector adds, “DLF Mall of India is the largest retail project till date and it is an ode to the dynamic Indian retail industry. Like all other DLF malls,   this is poised to be a family destination offering not just shopping, but an unforgettable experience through unique tenant mix consisting of leading international and Indian fashion, entertainment and dining brands.”

The marvel retail destination, DLF Mall of India is modeled after best in class international flagship properties and is an eclectic ensemble of retail offerings spread across six levels of retail experience with zones clearly defined as Market Place, International Boulevard, The High Street, Family World and Leisure Land. The Mall would add many firsts to its portfolio such as:- more than 475 retail units, coupled with the largest indoor entertainment city spread over 2 levels – which would have 7 DT star screens and the largest food court with over 1200 seats. Yet another first to the project would be the presence of over 73 escalators and an express escalator to provide convenience and comfort while shopping. 

As a recent development, DLF Mall of India has been granted the LEED Gold green building certification and that is scheduled for a launch in the first quarter of 2014. With the launch, the mall would welcome some of the renowned global brands for the very first time in the country.

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About the DLF Group: DLF is India’s largest real estate developer with projects spread pan India. DLF has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 332 million sq. ft. of planned projects with 62 Million Sq.ft of projects under construction. DLF's primary business is the development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, helps mitigate any down-cycle in the market. From developing 22 major colonies in Delhi, DLF is now present across 15 states-24 cities in India.

About DLF Retail: DLF forayed into the retail sector in the year 2000. With a number of path-breaking landmarks for Indian retail, DLF pioneered the retail revolution in the country and brought about a paradigm shift by redefining the shopping, recreation and leisure experience. The company has also won some accolades for its shopping Centers; DLF Promenade has won the Best Mall of the Year 2011, Most Admired Shopping Centre of the Year 2011, Best Retail (Mall) Building Design Award and DLF Emporio has won the Most Admired Specialty Mall (Metros) 2008, 2009, 2010, 2011 and the iMint Award for Shoppers & Consumers Delight 2011. The total area of DLF’s leased operational shopping malls is approximately 1.4 million sq.ft. and in the next 24 months, a robust growth upto 3.7 million sq.ft. Is projected.