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

11 Mar 2025 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..