New Delhi, the capital of India is an epitome of India's rich and vibrant culture and glorious heritage. It is surrounded on three sides by Haryana and to the east, across the river Yamuna by Uttar Pradesh. This strategic location of Delhi, with massive economical development in the adjacent National Capital Region (NCR) has also brought about a significant economic progress into the city of Delhi. Since Delhi has historically for long been the foremost in political importance till the present day, it has significantly seen development compared to other cities of India.

Delhi is one of the largest real estate sectors in the country despite its being smaller in population than other metropolis. This is primarily because the per capita income in Delhi is much higher than in other cities. Since the 1990s it has become the number one destination for all foreign direct investment and many multinational companies have set up their head quarters in Delhi and adjoining cities. Its good connectivity with other national and international cities has also made Delhi a major attraction for global investors to set up their operations in the city. Delhi already has one national and one international airport and a third airport is also under consideration.

Delhi, with its premier educational institutions attracts students from all over India and abroad. It has a number of state-of-the-art government and private colleges offering quality education in the fields of science, engineering, medicine, arts, law, management etc.

Distribution of Mall space in Delhi and NCR

The booming retail industry in Delhi has brought about a major growth in the real estate sector of the country. As India opens up FDI in the retail sector, there has been a conspicuous buzz in the industry as the Indian brands have a healthy competition ahead as international brand make their foray into the Indian markets.

This involvement of high-class retailers has brought about the Mall culture in Delhi. Delhi has been predominantly a city with the highest per capita income - which is 2.5 times higher than the national average. And with MNCs dominating the corporate sector in Delhi and NCR, high incomes and disposable money have further accelerated the retail business in the city. Delhi is now gearing up for the mall revolution with the district centers like Saket in South Delhi, Mayur Vihar areas in East Delhi, Vasant Kunj area in South Delhi, Pitampura area in North-west Delhi and the Janakpuri area of West Delhi having emerged as the mall destinations of the city.

Some of the prominent malls in Delhi are Ansals Plaza near Asiad Village, Select City Walk & MGF Metropolitan at Saket, City Centre Mall, West Gate Mall & TDI Mall at Rajouri garden, Ambi Mall & DLF Emporio at Vasant Kunj, East Delhi Mall & Cross River Mall near Shadhara and Unitech Metro Walk in Rohini.

But the adjoining cities of NCR like Gurgaon, Noida, Ghaziabad and Faridabad have revolutionized the mall option like never before.

Compared to the present statistics of 5 million Sq.ft of mall space available in Delhi and NCR, the next few years are expected to see an additional 17 million sq.ft of retail space in the city.

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