DLF is reportedly planning to bring its mall assets under separate special purpose vehicles (SPVs) so that it can sell stakes in them and convert them into real estate investment trusts (REITs) in the future. The company could raise as much as $1 billion through this route.
DLF owns half-a-dozen malls with a total area of 3.6 million sq ft and, including its office properties, the company earns a rental income of Rs 2,400 crore. The value of its total rental assets is about Rs 22,700 crore.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 288 million square feet (approximately) of development potential with 45 million square feet of projects under construction.
