DLF to earn Rs 375 crore annual rent from Gurugram commercial project

Real estate major DLF has almost completely leased its commercial project in Gurugram, Haryana comprising 2.5 million sq ft area, and expects to earn a rental of about Rs 375 crore annually, a senior company official said. The 12-acre project 'Cyber Park' has been developed by DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, at an estimated cost of about Rs 1,500 crore. It has office space with a small retail area. "We have pre-leased nearly 100 per cent area in this Grade-A commercial project," DLF group MD (Rental Business) Sriram Khattar told . The company expects to get occupancy certificate for this project soon, he said. DCCDL expects a rental income of Rs 365-375 crore per annum from this project, Khattar said.