Realty agency DLF’s three way partnership agency DCCDL’s rental earnings from workplace and retail areas rose by 10 per cent to Rs 1,194 crore within the third quarter of this fiscal yr on increased occupancy and lease appreciation. DLF Cyber Metropolis Builders Ltd (DCCDL) is a three way partnership between DLF Ltd and Singapore’s sovereign wealth fund GIC.
DLF holds practically 67 per cent stake within the JV agency, whereas the GIC has the remaining 33 per cent. The DCCDL, which holds bulk of the rent-yielding belongings of DLF Group, has an operational rental portfolio of 40.4 million sq. toes, of which 36.4 million sq. toes space is workplace area and 4 million sq. toes retail actual property.
In line with DLF’s newest buyers presentation, the DCCDL’s rental earnings grew by 10 per cent in October-December quarter ‘pushed by increased occupancy and lease enhancements.’. The rental earnings grew to Rs 1,194 crore within the third quarter of 2024-25 from Rs 1,089 crore within the year-ago interval.
Out of the full rental earnings, DCCDL’s workplace belongings contributed Rs 962 crore lease in December quarter, up 10 per cent from Rs 876 crore within the year-ago interval. India’s high seven main cities noticed a report gross and web leasing of workplace areas through the 2024 calendar yr on excessive demand from home companies and multi-national firms (MNCs).
Leases from retail actual property areas additionally grew to Rs 231 crore from Rs 213 crore through the interval below evaluation. On the monetary entrance, the DCCDL’s income elevated 9 per cent in October-December interval to Rs 1,609 crore from Rs 1476 crore within the year-ago interval. Internet revenue jumped to Rs 941 crore from Rs 434 crore.
DLF is primarily engaged within the enterprise of growth and sale of residential properties (the Improvement Enterprise) and the event and leasing of business properties (the Annuity Enterprise). DLF is the nation’s largest actual property agency when it comes to market cap. It has a powerful presence in Delhi-NCR and Tamil Nadu markets.
The corporate has developed greater than 185 actual property tasks and developed an space greater than 352 million sq. toes since inception. The Group has 220 million sq. toes of growth potential throughout residential and industrial segments.
