As India’s Grade A++ commercial real estate has become a global value proposition, providing world-class quality at a more competitive cost, to capitalize on this opportunity, DLF Group, which has a substantial licensed land bank, is significantly expanding its portfolio of income-generating commercial properties and is constructing office and retail complexes in Gurugram, Chennai, Delhi, and Noida, driven by strong demand from businesses and retailers.
DLF plans to invest Rs 10,000 crore in the current and upcoming fiscal year to develop high-end office spaces and shopping malls aimed at increasing its rental income, according to the company.
DLF Group possesses 45 million square feet of commercial properties, which consist of 41 million square feet of office space and 4 million square feet of retail space, generating an annual rental income exceeding Rs 5,000 crore.
DLF has concentrated on broadening its commercial presence in key urban centers within Delhi-NCR and Chennai. With an annual capital expenditure and approval allocation of around Rs 5,000 crore for FY26 and FY27 across its joint ventures with GIC, Hines, and its own financial resources, DLF is developing some of the most prestigious commercial properties in the country.
DLF Group maintains the majority of its commercial assets through its joint venture company, DLF Cyber City Developers Ltd (DCCDL). In this joint venture, DLF possesses a 66.67 percent stake, while the Singapore sovereign wealth firm GIC holds a 33.33 percent share.
Additionally, DLF Group has partnered with the US-based firm Hines to construct a 3 million square feet office complex in Gurugram, in which DLF has a 67 percent stake. Of the total 45 million square feet in the Group’s operational portfolio, approximately 43 million square feet are managed by DCCDL. To enhance its commercial portfolio, DLF Group is planning and developing an area of 28 million square feet.
Out of this planned area, over 17 million square feet are currently under construction, with more than 6 million square feet anticipated to be completed within the current fiscal year. DLF is also developing two large shopping malls located in Gurugram and Noida.
Office complexes are being constructed in Gurugram and Chennai, while a data center is being established in Noida.
