DLF's Bold Investment: Transforming India's Commercial Landscape
Realty giant DLF plans to invest Rs 10,000 crore across the current and next fiscal years to expand its premium office spaces and shopping malls, aiming to boost rental income significantly. The company, which already has 45 million square feet of commercial assets, is expanding rapidly in response to rising demand.
- Country:
- India
DLF, a leading real estate firm, has unveiled plans to invest Rs 10,000 crore over the next two years to expand its portfolio of premium office spaces and shopping malls. This move is expected to substantially increase the company's rental income as it taps into the growing demand for high-quality commercial properties.
With 45 million square feet of existing commercial assets, including a significant portion managed under their joint venture DLF Cyber City Developers Ltd, DLF is strategically enhancing its footprint across major urban centres such as Gurugram, Chennai, Delhi, and Noida. The company aims to leverage India's position as a cost-effective global real estate hub by constructing state-of-the-art facilities.
The development initiative comes amidst a post-COVID recovery, with DLF ramping up efforts in collaboration with partners like GIC and Hines. These partnerships, alongside the firm's robust financial performance, have bolstered its market position, earning it a coveted 'AAA' rating from Crisil. This rating reflects the company's financial stability and growing influence in the real estate sector.
(With inputs from agencies.)
Google News