DLF announces Rs 550-cr office-cum-retail venture

DLF Commercial Complexes Ltd announced expansion plans worth Rs 550 crores in Punjab with the launch of its first office-cum-retail venture "The Galleria, DLF Ludhiana", at a press conference here today.

However looking at global meltdown impact, the prices of retail and office spaces have been reduced by about 25% in the commercial sector for Ludhiana Galleria. This was announced by Ajay Khanna, MD, DLF Commercial Complexes Ltd.

The Galleria is coming up on 2.25 acres of land on Ferozepur road, which will cater to a catchment area including Sarabha Nagar, Rajguru Nagar, Aggar Nagar, BRS Nagar, Model Town, Kichlu Nagar, Rishi Nagar, Pakhowal Road, Gurdev Nagar, Mullanpur, Jagroan, Moga and Ferozepur among other areas.

Khanna, said, "The commercial complex will comprise of seven floors in which shopping arena will extend over the ground and first floors. The second floor will also house a mini air-conditioned market. There will be a space for restaurants and a multi-cuisine food court. Office areas will be spread from the second floor to the seventh floor."

 

Two level-parking facility, 100% power back-up and many other facilities have been included in this Galleria.

 

Tx:EI