DLF, one of India’s leading real estate developers, is planning an investment of approximately ₹20,000 crore over the medium term to expand its commercial real estate portfolio. The focus will be on developing new office spaces and retail properties.
According to the company’s corporate presentation submitted to stock exchanges, DLF outlined its strategy for strengthening its rental business. The company noted a “significant capital expenditure commitment” and revealed that this additional investment will support growth across its commercial ventures.
These developments will be undertaken by DLF Ltd and its joint venture entities, including DLF Cyber City Developers Ltd (DCCDL).
Currently, DLF’s annuity business encompasses about 44 million square feet of operational rental assets, with occupancy levels at approximately 93%. The company aims to expand this portfolio to 73 million square feet in the coming years.
A large portion of DLF’s rental assets is managed under DCCDL, a joint venture between DLF and Singapore’s sovereign wealth fund GIC. DLF holds a 67% stake in this partnership.
The company also highlighted its substantial land reserves, emphasizing that it holds a high-quality land bank to support long-term growth.
In addition to the broader strategy, DLF’s rental subsidiary, DCCDL, is set to invest nearly ₹6,000 crore in developing 7.5 million square feet of office and retail space in Gurugram.
Construction has already begun on two key projects:
DLF operates primarily across two segments:
Since its inception, DLF has developed over 185 projects, covering more than 352 million square feet. The company currently holds a development potential of 220 million square feet, spread across residential and commercial sectors.
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By Proptechbuzz
By Ravi Kumar
