DLF-GIC JV DCCDL Raises Rs 11 Bn Via NCDs
Real Estate

DLF-GIC JV DCCDL Raises Rs 11 Bn Via NCDs

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, has raised Rs 1,100 crore through non-convertible debentures. The NCDs, allotted on private placement, carry a coupon of 6.91% payable quarterly.

DCCDL has 44 million sq. ft. operational office and retail spaces, with net profit rising 26% to Rs 593 crore in Q1 FY26. DLF holds a 67% stake in the JV, which forms the bulk of its rental business.

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, has raised Rs 1,100 crore through non-convertible debentures. The NCDs, allotted on private placement, carry a coupon of 6.91% payable quarterly.DCCDL has 44 million sq. ft. operational office and retail spaces, with net profit rising 26% to Rs 593 crore in Q1 FY26. DLF holds a 67% stake in the JV, which forms the bulk of its rental business.

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Infrastructure Urban

Indian REITs Association Joins Global REIT Alliance

The Indian REITs Association (IRA) has become a member of the Global REIT Alliance, a coalition representing the global Real Estate Investment Trust (REIT) sector. The alliance, launched at the European Public Real Estate Association’s 2025 ReThink conference in Stockholm, aims to promote cross-border cooperation, policy dialogue, and market standardisation for the growth of REITs as an investment asset class.The Global REIT Alliance, which includes members from 24 countries, focuses on promoting global awareness of securitised real estate, supporting sustainable investment, providing indust..

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Infrastructure Transport

Vande Bharat May Soon Connect Chennai and Rameswaram

Southern Railway plans to introduce a Vande Bharat Express between Chennai and Rameswaram following the completion of electrification on the 53-km Ramanathapuram–Rameswaram section.A proposal has been submitted to the Railway Board to operate the new daytime service from either Chennai Egmore or Tambaram, aiming to ease congestion on existing overnight trains along the 600–660 km route.Officials noted that while the section is cleared for electric locomotives, a 220-metre gap near Uchipuli will undergo trials before the Vande Bharat is introduced. The final route will consider travel time,..

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Infrastructure Transport

RITES Partners with Etihad Rail to Boost Infrastructure Collaboration

RITES, a leading transport infrastructure consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with UAE-based Etihad Rail to enhance business collaboration with its subsidiary, National Infrastructure Construction Company (NICC).The partnership aims to combine RITES’ five decades of expertise in consultancy, transport infrastructure, and engineering with NICC’s execution capabilities, creating synergies for infrastructure projects across the UAE and other regions.The MoU was signed by HE Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Di..

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