DLF, a leading real estate developer, is set to invest ₹20,000 crore in expanding its commercial real estate portfolio, focusing on office and retail spaces. This strategic investment will be executed over the medium term, as highlighted in a corporate presentation shared on stock exchanges.
The company’s rental business is poised for substantial growth, with significant capital expenditure planned. The commercial developments will be undertaken by DLF Ltd and joint venture firms, including DLF Cyber City Developers Ltd (DCCDL). DLF currently operates a strong rental portfolio of 44 million square feet with a high occupancy rate of 93%. The company aims to expand this to 73 million square feet in the near future.
DCCDL, a joint venture between DLF and GIC, holds a majority of the rental assets, with DLF owning a 67% stake. The company leverages a high-quality land bank to drive long-term, sustainable growth. DLF’s annuity business includes rental properties under DLF and DCCDL, along with its hospitality and asset management businesses.
In a recent move, DLF’s rental arm, DCCDL, announced an investment of ₹6,000 crore to develop 75 lakh square feet of prime office and retail spaces in Gurugram. The firm has already started construction on 5.5 million square feet of Grade A+ office spaces at DLF Downtown, Gurugram. Additionally, it has initiated work on DLF Mall of India, Gurugram, spanning 20 lakh square feet.
DLF has a strong legacy in the real estate sector, having developed over 185 projects covering 352 million square feet. With a development pipeline of 220 million square feet across residential and commercial segments, DLF continues to strengthen its leadership position in India’s real estate market.
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