DLF Cyber City office rental income rises 11% to Rs 9.42 Bn

30 Jul 2024 CW Team

According to an investor presentation, Realty firm DLF's rental arm, DLF Cyber City Developers Ltd (DCCDL), has reported an 11% annual increase in office rental income, reaching Rs 9.42 billion for the first quarter of the fiscal year. This growth is attributed to higher demand for its premium workspace. DCCDL, a joint venture between DLF and the Singapore sovereign wealth fund GIC, has DLF holding a 66.67% stake and GIC owning 33.33% of the venture.

The rental income from office buildings rose from Rs 8.51 billion in the same period last year to Rs 9.42 billion this year. In addition, rental income from retail real estate increased by 9%, reaching Rs 2.1 billion from Rs 1.92 billion the previous year.

DLF indicated that it achieved double-digit rental growth in the commercial real estate segment through both organic growth and new developments. The company also noted a significant expansion in retail presence, with plans to double its portfolio in the next 4-5 years. Efforts are being made to unlock development potential and modernize existing assets, with DCCDL currently managing a portfolio of 42 million square feet and maintaining an occupancy rate of 93%.

On the financial front, DCCDL's revenue grew by 10% year-over-year to Rs 1,553 crore during the April-June period of 2024-25, up from Rs 14.11 billion in the previous year. Its profit after tax also saw a 20% increase, rising to Rs 4.7 billion from Rs 3.91 billion in the corresponding period of the prior year.

DLF expressed confidence in the rental business outlook and is accelerating capital expenditure commitments to enhance its rental portfolio and sustain growth. As India's largest real estate developer by market capitalization, DLF has developed over 178 projects spanning more than 349 million square feet over the past seven decades and has a development potential of 220 million square feet across residential and commercial segments.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..