mumbai realty major dlf will be opening its sixth mall in delhincr by may next year at an investment of rs 300 crore we are already in the process of completing another mall in delhi called the emporio at chanakyapuri in central delhi its a smaller mall and it should be open by next may dlf chief executive for rental business sriram khattar told pti here over the weekend besides the gurgaonbased developer will be opening the rs 1700crore mall of india in noida by november this year the company claims that the 2 million sq ft mall will be the biggest in the country we launched the project in 2012 and now are set to open it by octoberend we are set to open the cinemas and between november 20 and 27 will be the grand opening dlf senior vicepresident head of leasing and mall management pushpa bector said the mall of india has a leasable area of about 2 million sq ft and dlf has leased over 90 per cent of this already she claimed it will have over 450 retail units a sevenscreen cinema and a food court with about 1000 seats at the mall of india we have got 40 per cent of space dedicated to food and entertainment bector said adding that the new property will have 22 casual dining restaurants the countrys largest developer is expecting rs 200 crore rental income per year from this mall and expects it to breakeven in five to six years even though many mall developers are struggling with dwindling footfalls and revenues khattar said revenue growth for dlf has been 1012 per cent dlf said if it has to expand it will only look at tier i cities for now bector said tier i cities especially delhincr suits it as customers have better purchasing power we like to concentrate in tier i especially ncr because the spending power is high the kind of investments we are putting in it gets justified with the kind of returns we can look forward to because there is consumption she said adding that they would look to consolidate and strengthen their position in the ncr region and then look at other regions asked if the ecommerce boom has had any impact on leasing khattar said malls may look at reducing the offering for groceries furniture books and electronics going forward as sale of these items is high online certain commoditised apparel or fashion may go online but aspirational and luxury fashion going online is very limited he said adding that ecommerce will constitute about 712 per cent of the retail market dlfs annual rental income from commercial properties including offices and shopping malls stood at rs 2400 crore last fiscal