DLF eyes Rs 3,000 crore rental revenue by FY17

In a bid to increase rental revenues from Rs 2,400 crore now to Rs 3,000 crore by the end of the next financial year, DLF is targeting to increase its office and retail supply to 36-40 million sq ft in the next two to three years. Currently, its office and retail space covers around 31 million sq ft, of which two million is vacant.

The company is planning four million sq ft of new office space in Gurgaon and Chennai in the next two to three years. It has also started evaluating projects in Pune and Hyderabad, to add another three million sq ft.

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.