+
DLF to double rental portfolio, targets Rs 10 Bn revenue by FY30
Real Estate

DLF to double rental portfolio, targets Rs 10 Bn revenue by FY30

DLF Ltd, the Delhi-NCR based real estate major, has announced plans to double its rental portfolio and achieve Rs 100 billion in rental revenue by FY30. This ambitious target will be backed by a ?20,000 crore capital investment and an expansion across key urban centres.

As per a recent investor presentation, DLF intends to add 21 million sq ft of office space, growing its commercial portfolio from 39 million sq ft to 60 million sq ft. The retail footprint is also set to expand significantly—from 4 million sq ft currently to 12 million sq ft over the next five years, with 8 million sq ft already under execution and several projects nearing completion.

“If all projects are delivered on time, we expect to touch Rs 100 billioin rental revenues by FY30,” said Badal Bagri, Chief Financial Officer, noting that the rental portfolio is projected to double within five years.

Of the Rs 200 billion investment, Rs 120 billion is earmarked for DLF Cyber City Developers Ltd (DCCDL), while the remaining Rs 80 billion will go towards DLF’s rental and hospitality ventures.

DLF’s annuity business currently manages 44 million sq ft of high-occupancy rental assets, with projections to grow to 73 million sq ft in the medium term. Overall occupancy across retail and office portfolios stands at 93 percent, with retail at 98 percent and new projects nearly 95 percent pre-leased.

In terms of geography, DLF is looking to extend beyond its strongholds in Gurugram, Chennai and Hyderabad, and is actively eyeing opportunities in Bengaluru and Mumbai to follow its clients’ needs.

DLF Ltd, the Delhi-NCR based real estate major, has announced plans to double its rental portfolio and achieve Rs 100 billion in rental revenue by FY30. This ambitious target will be backed by a ?20,000 crore capital investment and an expansion across key urban centres. As per a recent investor presentation, DLF intends to add 21 million sq ft of office space, growing its commercial portfolio from 39 million sq ft to 60 million sq ft. The retail footprint is also set to expand significantly—from 4 million sq ft currently to 12 million sq ft over the next five years, with 8 million sq ft already under execution and several projects nearing completion. “If all projects are delivered on time, we expect to touch Rs 100 billioin rental revenues by FY30,” said Badal Bagri, Chief Financial Officer, noting that the rental portfolio is projected to double within five years. Of the Rs 200 billion investment, Rs 120 billion is earmarked for DLF Cyber City Developers Ltd (DCCDL), while the remaining Rs 80 billion will go towards DLF’s rental and hospitality ventures. DLF’s annuity business currently manages 44 million sq ft of high-occupancy rental assets, with projections to grow to 73 million sq ft in the medium term. Overall occupancy across retail and office portfolios stands at 93 percent, with retail at 98 percent and new projects nearly 95 percent pre-leased. In terms of geography, DLF is looking to extend beyond its strongholds in Gurugram, Chennai and Hyderabad, and is actively eyeing opportunities in Bengaluru and Mumbai to follow its clients’ needs.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code