DLF Cyber City Developers (DCCDL), a joint venture (JV) between DLF and Singapore's sovereign wealth fund GIC, is planning to 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 holds nearly 67 per cent stake in the JV firm.
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.
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.
