DLF Cyber City Developers (DCCDL), the rental arm of realty major DLF, will invest around Rs 6,000 crore to develop 75 lakh sq. ft. of high-end office and retail spaces in Gurugram.
The move aims to tap the growing demand for sustainable, Grade A++ commercial properties. DCCDL—a joint venture between DLF (67 percent stake) and Singapore’s GIC—has started construction on 5.5 million sq. ft. of office space in ‘DLF Downtown, Gurugram’ and the 20 lakh sq. ft. ‘DLF Mall of India, Gurugram,’ with 3.7 million sq. ft. already completed. Currently, DCCDL’s rental portfolio spans 40.4 million sq. ft., comprising 36.4 million sq. ft. of office and four million sq. ft. of retail space.
DLF Vice Chairman Sriram Khattar highlighted strong demand from Global Capability Centres (GCCs) and international brands, driven by India’s expanding economy and middle class. The company plans to add 1.3 million sq. ft. of retail space this year and 2–2.5 million sq. ft. within three years.