DLF to invest Rs 550 cr in office space for Standard Chartered
Real Estate

DLF to invest Rs 550 cr in office space for Standard Chartered

Delhi Land & Finance (DLF) told the media that the company plans to invest around Rs 550 crore to construct a one million sq ft office building for Standard Chartered Global Business Services (GBS).

Tamil Nadu CM M K Stalin laid the foundation stone of the office campus in the DLF Downtown project at Taramani, Chennai.

Earlier, DLF had pre-leased 7.7 lakh sq ft of office space to Standard Chartered GBS, and the latter has an option to take the rest of the area.

Managing Director of DLF Rental Business, Sriram Khattar, said that the company is developing a one million sq ft building, which has two blocks, for Standard Chartered GBS. The total construction cost is about Rs 550 crore.

The DLF Downtown project in Chennai is spread over 27 acres, and a 6.8 million sq ft area is being developed by DLF Cyber City Developers Limited (DCCDL) with an investment of around Rs 5,000 crore.

DCCDL is a joint venture (JV) between DLF and Singapore sovereign wealth fund Government of Singapore Investment Corporation (GIC).

In the first development phase, DLF will construct a 3.3 million sq ft area, including a one million square feet building for Standard Chartered.

The construction of a 2.3 million sq ft area is already under construction and will be completed by the end of the next fiscal year, while the Standard Chartered GBS campus will be completed by mid-2024.

Khattar said the company has been present in Delhi for 17 years and operates the largest IT Special Economic Zone (SEZ), DLF Cyber City, Chennai at Manapakkam, having a 7.2 million sq ft area.

DLF Downtown in Taramani should generate Rs 700-750 crore income when fully functional, with around 70,000 employees working from DLF Downtown Chennai.

Image Source

Also read: DLF rolls out a plotted development project: Parc Estate in Chennai

Delhi Land & Finance (DLF) told the media that the company plans to invest around Rs 550 crore to construct a one million sq ft office building for Standard Chartered Global Business Services (GBS). Tamil Nadu CM M K Stalin laid the foundation stone of the office campus in the DLF Downtown project at Taramani, Chennai. Earlier, DLF had pre-leased 7.7 lakh sq ft of office space to Standard Chartered GBS, and the latter has an option to take the rest of the area. Managing Director of DLF Rental Business, Sriram Khattar, said that the company is developing a one million sq ft building, which has two blocks, for Standard Chartered GBS. The total construction cost is about Rs 550 crore. The DLF Downtown project in Chennai is spread over 27 acres, and a 6.8 million sq ft area is being developed by DLF Cyber City Developers Limited (DCCDL) with an investment of around Rs 5,000 crore. DCCDL is a joint venture (JV) between DLF and Singapore sovereign wealth fund Government of Singapore Investment Corporation (GIC). In the first development phase, DLF will construct a 3.3 million sq ft area, including a one million square feet building for Standard Chartered. The construction of a 2.3 million sq ft area is already under construction and will be completed by the end of the next fiscal year, while the Standard Chartered GBS campus will be completed by mid-2024. Khattar said the company has been present in Delhi for 17 years and operates the largest IT Special Economic Zone (SEZ), DLF Cyber City, Chennai at Manapakkam, having a 7.2 million sq ft area. DLF Downtown in Taramani should generate Rs 700-750 crore income when fully functional, with around 70,000 employees working from DLF Downtown Chennai. Image Source Also read: DLF rolls out a plotted development project: Parc Estate in Chennai

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?