DLF'S MALL OF INDIA TRANSFER TO PALIWAL REAL ESTATE

DLF'S MALL OF INDIA TRANSFER TO PALIWAL REAL ESTATE

Mall of India is India's largest shopping mall

In Mall of India there are many showrooms of premium brands

Mall of India is reputed place in Noida for shopping.
 Delhi NCR people give first preference to this place 
Mall of India is run by DLF

Mall of India has been transferred to paliwal real estate buy DLF

Paliwal real estate is subsidiary company of DLF

It has been transfered at 2950 crore rupees to paliwal real estate

DLF has done this deal with his subsidiary company only

Gili of has started this Mall in Noida sector 18

Its investment was 2000 crore rupees

This transfer has been informed to Bombay stock exchange BSE

Mall of India spread over 2000000 square feet

This is India's biggest shopping mall

7 floor Mall is divided into 5 sub areas

Mall of India has 330 brands out of which more than hundred branch is from fashion segment

Mall of India is included in CBRE 22 best global retail projects

DLF is getting 225 crore rupees per year from Mall of India as a rent

No question arises that why DLF is transferring this Mall of India

DLF has to pay 8700 crore rupees to Cyber City developers

DLF Cyber City developers is joint venture of GIC and DLF

DLF Cyber City developers has GIC 33% stake or share while DLF has  remaining 66% share

DLF wants to pay all his due payment to DLF Cyber City developers

This is the reason DLF has to transfer his Mall of India to his subsidiary paliwal real estate

 DLF Has lot of square feet commercial land

From Commercial rent DLF earns 2500 crore rupees per year