The country's largest realty firm, DLF, on Tuesday said that it would open four new shopping malls in the Delhi-NCR region before Diwali (mid-October) this year and is expecting a lower rent in its new malls than existing levels.

'We have currently eight malls operating across India and we are now launching four new malls in Delhi-NCR before Diwali this year. Although occupancy in the new malls would be slow initially, we expect it to reach 100% later,' DLF Retail Developers Managing Director Arvind Nair said on the sidelines of a CII conference in New Delhi.

The Financial Express