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Realty giant DLF Group has announced plans to invest ₹10,000 crore over the next two fiscal years to build high-end commercial properties, including office spaces and shopping malls, in a bid to significantly boost its rental income.
The investment will be directed toward ongoing and new developments in key urban hubs such as Gurugram, Delhi, Noida, and Chennai, capitalizing on rising demand from corporate clients and retail brands. The expansion comes as part of DLF’s strategy to scale its rent-yielding asset base, which currently spans 45 million square feet—comprising 41 million square feet of office space and 4 million square feet of retail—with an annual rental income of over ₹5,000 crore.
“India’s Grade A++ commercial real estate has emerged as a global value proposition, offering world-class quality at a more efficient cost,” said Sriram Khattar, Vice Chairman and MD (Rental Business), DLF. “With a ₹5,000 crore capex earmarked annually for FY26 and FY27, we are building some of India’s most premium commercial assets.”
The developments will be executed through joint ventures with global partners like Singapore’s GIC and US-based Hines. DLF Cyber City Developers Ltd (DCCDL), its joint venture with GIC, holds the majority of its commercial portfolio, including nearly 43 million square feet.
DLF is currently developing around 28 million square feet of commercial space, of which over 17 million square feet are under active construction. More than 6 million square feet are expected to be completed within FY26.
In FY24, DCCDL reported an 11% rise in office rental income to ₹3,874 crore and a 6% increase in retail rental income to ₹880 crore. The firm also received a rating upgrade to ‘AAA’ by Crisil, reflecting its strong financial performance.
(Source: PTI)
