DLF is set to invest Rs 20,000 crore to expand its commercial real estate portfolio, focusing on office and retail spaces. With plans to grow rental assets from 44 to 73 million square feet, the company aims for long-term market dominance, including significant developments in Gurugram under its DCCDL venture.
Real estate giant DLF has unveiled an ambitious investment plan of Rs 20,000 crore in the medium term to fuel the expansion of its commercial real estate portfolio, encompassing office and retail spaces. This strategic move aligns with the company’s goal to bolster its rental business and strengthen its market presence.
According to a corporate presentation uploaded on stock exchanges, DLF stated, “Significant growth capex being committed for growth,” highlighting the planned incremental capital expenditure. These commercial developments will occur under the parent company, DLF Ltd, and joint venture firms, such as DLF Cyber City Developers Ltd (DCCDL).
DLF’s annuity business currently boasts an extensive operational portfolio spanning approximately 44 million square feet of rental assets, with a high % occupancy rate of 93%. The company aims to expand this footprint to 73 million square feet in the medium term. The DCCDL joint venture, in which DLF holds a 67% stake alongside GIC, owns a substantial portion of these rental assets. The company emphasized, “High quality owned land bank available for sustainable long-term growth.”
Further solidifying its commitment to growth, DCCDL is set to invest Rs 6,000 crore to develop 75 lakh square feet of prime office and retail spaces in Gurugram. Construction has already commenced on 5.5 million square feet of Grade A plus office spaces under the new phase of the premium commercial project, ‘DLF Downtown, Gurugram.’ The highly anticipated DLF Mall of India in Gurugram, covering 20 lakh square feet, is also under development.
DLF remains a dominant force in India’s real estate sector, having developed over 185 projects covering more than 352 million square feet since its inception. With a development potential of 220 million square feet across residential and commercial segments, the company continues to position itself as a market leader in both the development and leasing businesses.
By executing this large-scale investment, DLF reinforces its long-term vision for growth and sustainability, further cementing its position in the evolving commercial real estate landscape.
