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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement