+
Q1: DCCDL's office rental income rises 11% to Rs 9.4 Bn
ECONOMY & POLICY

Q1: DCCDL's office rental income rises 11% to Rs 9.4 Bn

It was reported that DLF's rental arm, DLF Cyber City Developers Ltd (DCCDL), achieved an 11% annual increase in office rental income, reaching Rs 9.42 billion for the first quarter of the fiscal year due 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 latest investor presentation indicated that DCCDL's rental income from office buildings rose from Rs 8.51 billion in the same period last year to Rs 9.42 billion this year. Additionally, rental income from retail real estate increased by 9%, reaching Rs 2.10 billion in the first quarter of the fiscal year, up from Rs 192 crore a year earlier.

DLF noted that it has achieved "double-digit rental growth through organic growth and new developments" in the commercial real estate segment. The company also highlighted a "significant increase in retail presence," with plans to double its portfolio in the next 4-5 years. Currently, DCCDL manages a portfolio of 42 million square feet with occupancy levels at 93%.

Regarding financial performance, DCCDL's revenue grew by 10% annually to Rs 1.533 billion during the April-June period of 2024-25, up from Rs 14.11 billion in the previous year. The profit after tax increased by 20%, rising to Rs 4.7 billion from Rs 3.91 billion in the corresponding period of the prior year. DLF expressed a positive outlook on the rental business and mentioned that it is accelerating its capital expenditure commitments to further strengthen its rental portfolio and ensure healthy growth.

Over the past seven decades, DLF has developed more than 178 real estate projects covering over 349 million square feet. The DLF Group has a development potential of 220 million square feet across residential and commercial segments. The company is primarily involved in developing and selling residential properties (the Development Business) and developing and leasing commercial and retail properties (the Annuity Business).

It was reported that DLF's rental arm, DLF Cyber City Developers Ltd (DCCDL), achieved an 11% annual increase in office rental income, reaching Rs 9.42 billion for the first quarter of the fiscal year due 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 latest investor presentation indicated that DCCDL's rental income from office buildings rose from Rs 8.51 billion in the same period last year to Rs 9.42 billion this year. Additionally, rental income from retail real estate increased by 9%, reaching Rs 2.10 billion in the first quarter of the fiscal year, up from Rs 192 crore a year earlier. DLF noted that it has achieved double-digit rental growth through organic growth and new developments in the commercial real estate segment. The company also highlighted a significant increase in retail presence, with plans to double its portfolio in the next 4-5 years. Currently, DCCDL manages a portfolio of 42 million square feet with occupancy levels at 93%. Regarding financial performance, DCCDL's revenue grew by 10% annually to Rs 1.533 billion during the April-June period of 2024-25, up from Rs 14.11 billion in the previous year. The profit after tax increased by 20%, rising to Rs 4.7 billion from Rs 3.91 billion in the corresponding period of the prior year. DLF expressed a positive outlook on the rental business and mentioned that it is accelerating its capital expenditure commitments to further strengthen its rental portfolio and ensure healthy growth. Over the past seven decades, DLF has developed more than 178 real estate projects covering over 349 million square feet. The DLF Group has a development potential of 220 million square feet across residential and commercial segments. The company is primarily involved in developing and selling residential properties (the Development Business) and developing and leasing commercial and retail properties (the Annuity Business).

Next Story
Building Material

JSW Steel Posts 7.26 MT Crude Steel Output in Q1 FY26

JSW Steel reported consolidated crude steel production of 7.26 million tonnes for the first quarter of FY 2025–26, reflecting a 14 per cent year-on-year increase. However, production declined by 5 per cent quarter-on-quarter, primarily due to planned maintenance shutdowns of blast furnaces during the period. These furnaces have since resumed operations and are currently running at optimum capacity levels.Capacity utilisation for JSW’s Indian operations stood at 87 per cent during Q1 FY26.JSW Steel, the flagship business of the $ 23 billion JSW Group, is one of India’s leading integrated ..

Next Story
Infrastructure Energy

ACME Solar Places Over 3.1 GWh Battery Storage Order

ACME Solar has placed an order exceeding 3.1 GWh of Battery Energy Storage Systems (BESS), marking one of the largest such procurements in India to date. The order has been placed with leading global energy storage solution providers, including Zhejiang Narada and Trina Energy, both known for their high-efficiency and scalable battery technologies.The BESS units will be deployed across ACME Solar’s portfolio of renewable energy projects, including Firm and Dispatchable Renewable Energy (FDRE) and battery-linked developments, which are scheduled for commissioning over the next 12–18 months ..

Next Story
Infrastructure Energy

SMIORE Receives Prestigious Seven Star Rating Award from Ministry of Mines

The Sandur Manganese & Iron Ores (SMIORE) has been conferred with the prestigious Seven Star Rating Award by the Ministry of Mines and the Indian Bureau of Mines (IBM) for its performance in the 2023–24 assessment year. The award recognises excellence in sustainable and green mining practices.The felicitation took place on 7 July 2025 at the Rajasthan International Centre, Jaipur, during a national event honouring India's Five Star and Seven Star Rated Mines. The Seven Star Award was presented by Bhajanlal Sharma, Chief Minister of Rajasthan, in the presence of G Kishan Reddy, Union Mini..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?