DLF Latest News:
Real estate giant DLF has announced a massive Rs 6,000 crore investment to construct 75 lakh square feet of prime office and retail spaces in Gurugram.
This major development is expected to cater to the increasing demand for Grade A++ commercial properties in the Delhi-NCR region.
DLF’s Investment in Gurugram: Key Highlights
- DLF Cyber City Developers Ltd (DCCDL), the rental arm of DLF, will spearhead this project.
- The total project area includes 55 lakh square feet of office space and 20 lakh square feet for DLF Mall of India, Gurugram.
- The estimated total investment for the construction stands at Rs 6,000 crore.
- This expansion aims to enhance Gurugram’s position as a prime real estate hub.
- DCCDL, a joint venture between DLF and Singapore’s GIC, has already completed 37 lakh square feet of this project.
DLF Downtown, Gurugram: A Game-Changer
DLF, in its latest investors’ presentation for Q3 FY2024, confirmed that DCCDL has begun construction of 5.5 million (55 lakh) square feet of Grade A++ office spaces as part of DLF Downtown, Gurugram. The project is designed to meet the growing corporate demand for sustainable and world-class office infrastructure.
Expansion of DLF Mall of India, Gurugram
Apart from office spaces, DLF is also investing in retail real estate by constructing DLF Mall of India, Gurugram, spanning 20 lakh square feet. This development aligns with DLF’s strategy to strengthen its presence in India’s retail sector.
Why is Gurugram the Prime Location for DLF’s Expansion?
According to DLF Vice Chairman and MD (Rental Business), Sriram Khattar, global corporations, especially technology firms, are increasingly seeking high-quality office spaces that emphasize sustainability, green initiatives, and scalability. With DLF’s expertise in providing premium commercial infrastructure, Gurugram remains the top choice for corporate leasing.
DLF’s Current Rental Portfolio
DCCDL holds 40.4 million square feet of operational rental assets, including:
- 36.4 million square feet of office space
- 4 million square feet of retail space This significant investment further strengthens DLF’s position as India’s leading commercial real estate developer.
Conclusion
DLF’s Rs 6,000 crore investment in Gurugram highlights its commitment to expanding premium office and retail infrastructure. With DLF Downtown and DLF Mall of India, Gurugram, the city is set to become an even more attractive destination for businesses and investors.
For more updates on DLF, stay tuned!
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