DLF to kick off construction of 2 million sq ft office space in Gurugram

22 Dec 2021 CW Team

Realty developer DLF will commence the development work on 2 million sq ft of office space shortly in Gurugram, as it witnesses increasing demand for Grade A office buildings in the following year.

The managing director at DLF Rental Business, Sriram Khattar, told the media that the firm's under-construction buildings have already been completely leased. He said that the firm would pump in Rs 1,500 crore on the development of office space in downtown Gurugram and Chennai.

The company has proposed another block of approximately 2 million sq ft on which, once the permissions come in, the development should begin in the coming 2-3 months, according to Khattar.

As per the DLF Cyber City Developers (DCCDL), the rental arm of the company, leasing momentum has picked up in the past six to eight weeks. Two towers in Downtown Gurugram, each with 1.25 million sq ft are almost completed.

They expect to receive OC (occupation certificate) within this financial year. One tower is nearly completely leased, and on the other one, they have inked a non-binding contract for approximately 95% of the tower. It would leave very little stock in towers one and two. The design work on that is in an advanced stage, approvals are starting, and they should begin the construction on that in the first quarter of the coming calendar year.

DCCDL’s consolidated income reached Rs 1,123 crore in Q2 FY22 as against Rs 1,040 crore in the previous year period. The firm's renewal percentage, which used to be in the 90s, has now dipped to 85%.

Image Source

Also read: 315Work Avenue leases 80,000 sq ft office space in Bengaluru

Also read: Hyderabad likely to add 4.6 mn sq ft office space in Q4 FY22

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..