DLF’s rental arm, DLF Cyber City Developers (DCCDL), will make an investment of Rs 6,000 crore to develop 75 lakh sq. ft. of premium office and retail spaces in Gurugram, including DLF Downtown and DLF Mall of India. The project aims to meet the growing demand for high-quality, green commercial properties, benefiting from higher occupancy and rent appreciation.
DCCDL, a joint venture between DLF with 67 percent stake and GIC, has already completed 37 lakh sq. ft. of construction. The company has commenced work on 5.5 million square feet of Grade A+ office spaces in DLF Downtown and 20 lakh square feet for DLF Mall of India. DCCDL currently operates 40.4 million square feet of rental assets, with 36.4 million in office spaces and four million in retail. The company highlights that global tech firms prefer Grade A++ sustainable office spaces in India. A
DLF’s Vice Chairman & MD (Rental Business), Sriram Khattar, stated that 1.3 million square feet of retail space will be completed this year, with another 2-2.5 million in the next three years. DLF remains committed to creating world-class commercial spaces to attract global and Indian brands.