DLF Group plans to invest Rs 10,000 crore over two years to expand its premium office and retail portfolio, boosting rental income. With 45 million sq ft of commercial assets and key joint ventures, DLF is developing major projects in Gurugram, Noida, and Chennai, capitalising on the growing demand for flexible workspaces.
DLF Group, one of India’s leading real estate developers, has announced a significant investment of Rs 10,000 crore over the current and next fiscal years to expand its premium office spaces and shopping malls portfolio. This strategic move aims to boost the company’s rental income by developing high-quality commercial properties.
Currently, DLF holds 45 million square feet of commercial assets, including 41 million square feet of office space and 4 million square feet of retail space. These assets generate an annual rental income exceeding Rs 5,000 crore. A senior company official highlighted that the ongoing and upcoming developments will “significantly boost rental income in the coming years,” reflecting DLF’s confidence in the growing demand for flexible and premium office environments.
Most of DLF’s commercial assets are managed through its joint venture, DLF Cyber City Developers Ltd (DCCDL), where DLF retains a 66.67% stake, and Singapore’s sovereign wealth fund GIC holds the remaining 33.33%. The company also has a joint venture with US-based Hines to develop a 3 million square feet office complex in Gurugram, where DLF owns 67%.
DLF’s operational portfolio is heavily concentrated under DCCDL, with approximately 43 million square feet actively generating revenue. The group is further expanding, with 28 million square feet currently in the planning and development stages. More than 17 million square feet are under construction, and over 6 million square feet are slated for completion within this fiscal year.
The new projects include two large shopping malls in Gurugram and Noida, along with office complexes in Gurugram and Chennai. Additionally, DLF is entering the data centre market with a facility under construction in Noida, reflecting the rising demand for specialized commercial real estate in the digital economy.
The company recently reported that DCCDL recorded an 11% annual growth in office rental income, reaching Rs 3,874 crore in the last financial year. This steady growth underscores the strong market position of DLF’s commercial assets and the firm’s focus on delivering premium, flexible office spaces to meet evolving business needs.
DLF’s planned investment and ongoing developments signal a bullish outlook on India’s commercial real estate sector, especially in the flexible office and retail spaces segment. With a growing emphasis on premium infrastructure and modern amenities, DLF aims to capture increased market share and elevate its rental income through these flagship projects.
