+
DLF to spend 40% of yearly capex on commercial projects in Chennai
Real Estate

DLF to spend 40% of yearly capex on commercial projects in Chennai

The real estate developer DLF plans to spend roughly 40% of its annual capex to finish its current commercial projects in Chennai, which is the company's second-largest market outside of Delhi-NCR.

The company invests between Rs 12 and Rs 15 billion in developing commercial assets in its current markets.

The company intends to invest Rs 11 billion for the first phase of construction in Chennai; of this, about Rs 7 billion has already been incurred. In Chennai, DLF is presently building its second-largest project for a cost of almost Rs 50 billion.

DLF Downtown, a 6.8 million-sq-ft office building, is planned to be finished between 2026 and 2027.

DLF Downtown at Taramani's Phase 1 is currently nearing completion and will provide extra cash.

DCCDL, the Rental arm of India's largest real estate company DLF today announced the completion of 15 years of its commercial activities in Chennai.

The business estimates that over the next four years, commercial properties in Chennai will account for about 25% of its rental income. Retail and commercial properties owned by DLF Cyber City Developers (DCCDL) and the DLF portfolio produce rental income for DLF. In Manapakkam, Chennai, DCCDL already runs a 7.4 million-sq-ft IT SEZ that brings in roughly Rs 6 billion each year in rental income.

Also read:
Godrej Properties acquires 28 acres land parcel in Bengaluru
More than 3,000 properties registered in Mumbai in just 11 days


The real estate developer DLF plans to spend roughly 40% of its annual capex to finish its current commercial projects in Chennai, which is the company's second-largest market outside of Delhi-NCR. The company invests between Rs 12 and Rs 15 billion in developing commercial assets in its current markets. The company intends to invest Rs 11 billion for the first phase of construction in Chennai; of this, about Rs 7 billion has already been incurred. In Chennai, DLF is presently building its second-largest project for a cost of almost Rs 50 billion. DLF Downtown, a 6.8 million-sq-ft office building, is planned to be finished between 2026 and 2027. DLF Downtown at Taramani's Phase 1 is currently nearing completion and will provide extra cash. DCCDL, the Rental arm of India's largest real estate company DLF today announced the completion of 15 years of its commercial activities in Chennai. The business estimates that over the next four years, commercial properties in Chennai will account for about 25% of its rental income. Retail and commercial properties owned by DLF Cyber City Developers (DCCDL) and the DLF portfolio produce rental income for DLF. In Manapakkam, Chennai, DCCDL already runs a 7.4 million-sq-ft IT SEZ that brings in roughly Rs 6 billion each year in rental income. Also read: Godrej Properties acquires 28 acres land parcel in Bengaluru More than 3,000 properties registered in Mumbai in just 11 days

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?