DLF to Invest ₹6,000 Crore in 75 Lakh Sq Ft of Office and Retail Spaces in Gurugram

Real estate giant DLF, through its rental subsidiary DLF Cyber City Developers Ltd (DCCDL), is investing ₹6,000 crore to develop 75 lakh square feet of premium office and retail spaces in Gurugram. This move aligns with the rising demand for high-quality, sustainable commercial properties in India.

Key Developments: Office and Mall Projects

DCCDL has started constructing 55 lakh sq ft of Grade A+ office spaces as part of the new phase of its DLF Downtown Gurugram project. Additionally, work has begun on the 20 lakh sq ft DLF Mall of India, Gurugram. So far, 37 lakh sq ft of development has been completed.

Rising Demand for Grade A Office Spaces

DLF’s Vice Chairman & MD (Rental Business), Sriram Khattar, highlighted that global tech firms and GCCs are driving demand for top-grade office spaces. He emphasised that companies prefer sustainable, scalable, and well-connected commercial properties, which DLF aims to provide.

Retail Expansion to Meet Growing Urban Demand

Khattar also noted that India’s growing middle class and rapid urbanisation are fueling retail expansion. International brands continue to see India as a key growth market. DLF is actively developing new malls and has a strong supply pipeline. It plans to complete 1.3 million sq ft of retail space this year and another 2-2.5 million sq ft in the next three years.

Strong Financial Growth in Rentals

DCCDL, which manages most of DLF’s rental assets, reported ₹1,194 crore rental income in Q3 FY24, a 10% YoY increase. Office rentals contributed ₹962 crore, while retail rentals rose to ₹231 crore. Revenue grew 9% YoY to ₹1,609 crore, and net profit more than doubled to ₹941 crore.

DLF’s Market Leadership

As India’s largest real estate company by market cap, DLF has a strong presence in Delhi-NCR and Tamil Nadu. With over 185 completed projects and 352 million sq ft developed, the company continues to lead in residential and commercial real estate.

Share Price Movement

As of March 10, 2025, at 11:28 AM IST, DLF share price is trading at ₹663.80, down ₹3.25 (0.49%) for the day. The stock opened at ₹666.85, reached a high of ₹671.00, and touched a low of ₹658.95. DLF has a market capitalisation of ₹1.64 lakh crore, a P/E ratio of 41.01, and a dividend yield of 0.75%. The stock’s 52-week high stands at ₹967.60, while its 52-week low is ₹622.00.

Conclusion

DLF’s ₹6,000 crore investment reinforces its commitment to expanding high-quality office and retail spaces in Gurugram. As demand for Grade A commercial properties and organised retail grows, DLF remains a key player in shaping India’s urban landscape.

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