DLF
The unit, which provides rental solutions of real estate company DLF, will invest about Rs 6,000 crore on the construction of 75 million square feet of office space and retail zone in Gurugram. DLF is a joint venture between Cyber City Developers Limited (DCCDL), DLF and Singapore’s Sovereign Sampada Fund GIC. DLF accounts for about 67 percent. In its latest investor presentation for the current financial year’s October-December (third) quarter, DLF said that DCCDL, which provides its rental solutions, has started constructing 55 million sq ft ‘grade A plus’ office place in the new phase of its ultra-pramination commercial project ‘DLF Downtown, Gurugram’.
Construction of ‘DLF Mall of India’ started
Apart from this, DCCDL has also started construction of ‘DLF Mall of India’ in Gurugram, which has a total area of 20 million square feet. So far, construction of 37 lakh square feet area has been completed. According to sources, the total investment in the construction of this office premises and shopping malls will be around Rs 6,000 crore. The company spokesperson refused to comment on this. DCCDL, which has a large part of the DLF group’s rental assets, has a 4.04 million sq ft operating fare portfolio. Out of this, 3.64 crore sq ft area office site and 40 lakh square feet of retail immovable property.
Big bets on residential too
Along with low sales, DLF is also making a big bet on the residential project. Ultra luxury project ‘The Dahilaj’ hands were sold in the company’s Gurugram. In October last year, DLF launched a 17-acre highly luxurious residential project ‘The Dahilas’ in DLF Phase-5 in Gurugram, including 420 apartments and penthouse. The minimum size of an apartment is 10,300 square feet.
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