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DLF to invest ₹6,000 crore to construct 75 lakh sq ft office, retail spaces in Gurugram
Millennium Post Delhi
|New Delhi 10March2025
Besides, DLF Cyber City Developers Ltd has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh sq feet
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Realty firm DLF's rental arm will invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties.
DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm.
In its latest investors' presentation for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown', Gurugram.
Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far.
According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore.
This story is from the New Delhi 10March2025 edition of Millennium Post Delhi.
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