DLF to Invest ₹6,000 Cr in 75 Lakh Sq Ft Office & Retail Spaces in Gurugram.

Real estate giant DLF’s rental arm, DLF Cyber City Developers Ltd (DCCDL), is set to invest around ₹6,000 crore to develop 75 lakh square feet of premium office and retail spaces in Gurugram, capitalizing on the growing demand for top-quality, sustainable commercial properties.

DCCDL, a joint venture between DLF and Singapore’s sovereign wealth fund GIC, has already commenced construction of 5.5 million (55 lakh) sq ft of Grade A++ office spaces in the new phase of ‘DLF Downtown, Gurugram’ and a 20 lakh sq ft DLF Mall of India in the city.

Expansion in Office & Retail Spaces

So far, 3.7 million (37 lakh) sq ft of the planned development has been completed. The total investment in these projects is estimated to be ₹6,000 crore, according to sources.

DLF's Vice Chairman & MD (Rental Business), Sriram Khattar, emphasized that global companies, especially in technology, are drawn to India for its skilled talent and world-class commercial spaces. “Companies seek Grade A++ office spaces that are sustainable, scalable, and rich in social infrastructure, and DLF is committed to providing these solutions,” he said.

Surging Demand for Retail & Office Spaces

On the retail expansion, Khattar highlighted India’s fast-growing economy and expanding middle class as key drivers for organized retail growth. “International brands see India as a high-potential market, and we have a strong supply pipeline to meet demand,” he noted.

DCCDL is set to deliver 1.3 million sq ft of retail space this year and an additional 2-2.5 million sq ft in the next three years.

Financial Growth & Market Trends

DCCDL’s rental income from office and retail spaces rose 10% YoY to ₹1,194 crore in Q3 FY24, with ₹962 crore from office spaces and ₹231 crore from retail properties.

The company’s revenue grew 9% YoY to ₹1,609 crore, while net profit more than doubled to ₹941 crore from ₹434 crore.

DLF’s Market Leadership

DLF, India’s largest real estate firm by market cap, has a strong presence in Delhi-NCR and Tamil Nadu and has developed over 185 projects spanning 352 million sq ft. With 220 million sq ft of development potential, it continues to shape India's commercial real estate landscape.

HBL