DLF is planning to develop 2 million square feet office building in Gurugram to encash revival in demand for premium workspace from corporates and coworking operators. The company is also considering to develop two large malls as well as small shopping centres on a lease model.
DLF's rental assets are primarily under the DLF Cyber City Developers (DCCDL), a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF has nearly 67 per cent stake in the DCCDL, while GIC has the rest. The annuity portfolio is around 35 million square feet.
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.
