DLF’s rental arm -- DLF Cyber City Developers (DCCDL) has achieved a 10 percent growth in its rent income during the last fiscal year (FY22), mainly on the back of the recovery of business at its shopping malls. DLF holds the bulk of its rent-yielding commercial properties in DLF Cyber City Developers. The rental income of DCCDL grew to Rs 3,350 crore during the last fiscal year from Rs 3,029 crore in 2020-21.
DCCDL, which is a joint venture between DLF and Singapore's sovereign wealth fund GIC, has a commercial portfolio of 37.9 million square feet, of which 34 million square feet is office space and the rest is for retail. DLF has a nearly 67 percent stake in the JV firm, while GIC has the remaining.
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.
Company Name | CMP |
---|---|
Dilip Buildcon | 443.30 |
Macrotech Developers | 1205.80 |
NBCC (India) | 143.80 |
Prestige EstatesProj | 1600.15 |
DLF | 851.25 |
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