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

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..