+
DLF to Invest Rs 60 Bn for 7.5 Mn sq ft Office, Retail Space in Gurugram
Real Estate

DLF to Invest Rs 60 Bn for 7.5 Mn sq ft Office, Retail Space in Gurugram

DLF's rental subsidiary, DLF Cyber City Developers (DCCDL), plans to invest approximately Rs 60 billion in the construction of 7.5 million square feet of high-end office and retail spaces in Gurugram. This expansion aims to cater to the growing demand for premium, sustainable commercial properties.

DCCDL, a joint venture between DLF and Singapore's sovereign wealth fund GIC, is majority-owned by DLF, which holds a 67 per cent stake. The company has initiated the development of 5.5 million (55 lakh) square feet of Grade A+ office spaces as part of the new phase of its flagship commercial project, 'DLF Downtown, Gurugram.' Additionally, construction has begun on DLF Mall of India in Gurugram, which will span 2 million (20 lakh) square feet.

So far, DCCDL has completed 3.7 million (37 lakh) square feet of development. Industry estimates suggest that the total investment in these projects will reach approximately Rs 60 billion.

DCCDL manages a significant portion of DLF Group’s rent-generating assets, with an operational rental portfolio of 40.4 million square feet. This includes 36.4 million square feet of office space and 4 million square feet of retail developments.

The Indian office market continues to attract global businesses, particularly in the technology sector, due to its availability of skilled talent and high-quality commercial infrastructure. Demand for top-tier office spaces with strong sustainability credentials and modern amenities remains robust, driving further investments in premium developments.

News source: Outlook Business

DLF's rental subsidiary, DLF Cyber City Developers (DCCDL), plans to invest approximately Rs 60 billion in the construction of 7.5 million square feet of high-end office and retail spaces in Gurugram. This expansion aims to cater to the growing demand for premium, sustainable commercial properties. DCCDL, a joint venture between DLF and Singapore's sovereign wealth fund GIC, is majority-owned by DLF, which holds a 67 per cent stake. The company has initiated the development of 5.5 million (55 lakh) square feet of Grade A+ office spaces as part of the new phase of its flagship commercial project, 'DLF Downtown, Gurugram.' Additionally, construction has begun on DLF Mall of India in Gurugram, which will span 2 million (20 lakh) square feet. So far, DCCDL has completed 3.7 million (37 lakh) square feet of development. Industry estimates suggest that the total investment in these projects will reach approximately Rs 60 billion. DCCDL manages a significant portion of DLF Group’s rent-generating assets, with an operational rental portfolio of 40.4 million square feet. This includes 36.4 million square feet of office space and 4 million square feet of retail developments. The Indian office market continues to attract global businesses, particularly in the technology sector, due to its availability of skilled talent and high-quality commercial infrastructure. Demand for top-tier office spaces with strong sustainability credentials and modern amenities remains robust, driving further investments in premium developments. News source: Outlook Business

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?