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 Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..