DLF Cyber City Developers Ltd (DCCDL) will invest ₹6,000 crore to develop 75 lakh sq. ft. of Grade A++ office and retail space in Gurugram. Driven by strong demand from global firms and international brands, DLF is expanding its portfolio with a focus on green, scalable commercial real estate.
DLF’s rental arm, DLF Cyber City Developers Ltd (DCCDL), is doubling down on Gurugram’s commercial real estate boom with a bold ₹6,000 crore investment. The company has kick-started development on 5.5 million sq. ft. of Grade A++ office space and a 20 lakh sq. ft. retail project, the DLF Mall of India, in the city’s fast-developing business hub.
With 3.7 million sq. ft. already completed, this large-scale project, located in DLF Downtown, Gurugram, signals confidence in India’s growing appetite for premium office and retail experiences. DCCDL is a joint venture between DLF and Singapore’s GIC, with DLF holding a 67% stake.
Sriram Khattar, Vice Chairman and Managing Director of DLF’s rental business, noted the increasing interest from multinationals. “Global companies, particularly in tech, are attracted by high-quality talent and world-class commercial spaces. These companies demand Grade A++ office spaces highly rated for sustainability, green initiatives, and scalability,” he said.
Currently, DCCDL manages 40.4 million square feet of operational rental assets, comprising 36.4 million square feet of office space and 4 million square feet of retail space. As India’s office demand continues to grow—especially from Global Capability Centres (GCCs)—developers like DLF are pushing to meet evolving tenant expectations with sustainable infrastructure and scalable design.
Retail is also firmly on the radar. DLF aims to add 1.3 million sq. ft. of retail space this year, with plans for an additional 2–2.5 million sq. ft. over the next three years. Khattar noted that India’s growing middle class and economic expansion are reshaping consumer demand. “We will continue to provide exceptional customer experiences and remain the first choice for international and Indian brands,” he added.
Strong financials back this aggressive expansion. In Q3 FY24, DCCDL’s rental income jumped 10% to ₹1,194 crore, driven by higher occupancy and rent escalations. Office assets contributed ₹962 crore, while retail income rose from ₹213 crore to ₹231 crore. Overall revenue grew 9%, and net profit more than doubled year-on-year, rising from ₹434 crore to ₹941 crore.
As India cements its position as a strategic hub for global business, DLF’s latest investment reinforces Gurugram’s status as a leading destination for commercial growth. With over 352 million square feet already developed and a future pipeline of 220 million square feet, DLF is well-positioned to shape the future of Indian real estate.
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