DLF JV Firm DCCDL’s Rental Income Rises 10 %
Real Estate

DLF JV Firm DCCDL’s Rental Income Rises 10 %

Realty firm DLF's joint venture firm DCCDL's rental income from office and retail spaces rose by 10 per cent to Rs 11.94 billion in the third quarter of this fiscal year on higher occupancy and rent appreciation. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm, while the GIC has the remaining 33 per cent. The DCCDL, which holds bulk of the rent-yielding assets of DLF Group, has an operational rental portfolio of 40.4 million square feet, of which 36.4 million square feet area is office space and 4 million square feet retail real estate. India's top seven major cities saw a record gross and net leasing of office spaces during the 2024 calendar year on high demand from domestic firms and multi-national corporations (MNCs). Rentals from retail real estate spaces also grew to Rs 2.31 billion from Rs 2.13 billion during the period under review. On the financial front, the DCCDL's revenue increased 9 per cent in October-December period to Rs16.09 billion from Rs 14.76 billion in the year-ago period. DLF is primarily engaged in the business of development and sale of residential properties (the Development Business) and the development and leasing of commercial properties (the Annuity Business).

Realty firm DLF's joint venture firm DCCDL's rental income from office and retail spaces rose by 10 per cent to Rs 11.94 billion in the third quarter of this fiscal year on higher occupancy and rent appreciation. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm, while the GIC has the remaining 33 per cent. The DCCDL, which holds bulk of the rent-yielding assets of DLF Group, has an operational rental portfolio of 40.4 million square feet, of which 36.4 million square feet area is office space and 4 million square feet retail real estate. India's top seven major cities saw a record gross and net leasing of office spaces during the 2024 calendar year on high demand from domestic firms and multi-national corporations (MNCs). Rentals from retail real estate spaces also grew to Rs 2.31 billion from Rs 2.13 billion during the period under review. On the financial front, the DCCDL's revenue increased 9 per cent in October-December period to Rs16.09 billion from Rs 14.76 billion in the year-ago period. DLF is primarily engaged in the business of development and sale of residential properties (the Development Business) and the development and leasing of commercial properties (the Annuity Business).

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code