Real estate giant DLF plans to invest ₹10,000 crore over the current and next financial years to build premium office complexes and shopping malls across India. The move is aimed at boosting its rental income and strengthening its position in the commercial real estate sector.
At 12:13 AM, the DLF share price was up 0.52% and was trading at ₹780.50.
The company is working through joint ventures with global investors. Most of DLF’s commercial assets are held under DLF Cyber City Developers Ltd (DCCDL), a joint venture where DLF owns 66.67% and Singapore’s GIC holds the remaining 33.33%.
DLF also has a joint venture with the US-based Hines to build a 3 million square feet office complex in Gurugram, where it holds a 67% stake.
Together with these partners, DLF plans to spend around ₹5,000 crore annually over FY26 and FY27 to build top-grade commercial spaces.
Currently, DLF has 28 million square feet of commercial space in the pipeline. Of this, over 17 million square feet are under construction. More than 6 million square feet are expected to be completed by the end of this fiscal year.
Two large shopping malls are being built in Gurugram and Noida. New office complexes are coming up in Gurugram and Chennai, and a data centre is also under development in Noida.
DLF’s commercial wing, DCCDL, reported an 11% increase in office rental income last year, reaching ₹3,874 crore. Rental income from retail properties also rose 6% to ₹880 crore.
Due to strong financial and operational performance, CRISIL upgraded DCCDL’s rating to ‘AAA’ with a stable outlook. ICRA also upgraded its rating to ‘AA+ with a positive outlook’.
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DLF already owns 45 million square feet of commercial space, which includes 41 million square feet of office space and 4 million square feet of retail space. These assets currently generate over ₹5,000 crore in annual rental income.
To further grow this stream, the company is focusing heavily on developing world-class commercial properties in key cities like Gurugram, Delhi, Noida, and Chennai. It is committed to maintaining its leadership in India’s real estate market.
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Published on: May 26, 2025, 12:26 PM IST
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