+
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
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code