DLF to earn Rs 375 crore rent annually from new commercial project in Gurugram

28 Aug 2019

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. The 12-acre project ‘Cyber Park’ has been developed by DLF Cyber City Developers (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. The company expects to get occupancy certificate for this project soon.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

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